Yahoo exploring sale of up to $3bn in ‘non-core assets’
SAN FRANCISCO, March 4, 2016
Yahoo is exploring the sale of $1 billion to $3 billion in patents, property and other "non-core assets," its chief financial officer said.
Its chief financial officer Ken Goldman told the crowd at the Morgan Stanley Technology, Media and Telecom Conference that a committee created to explore alternatives to the company's plan to spin off its core business is looking at quick sales of assets.
Goldman said patents, land, property and "non-core units or businesses" are all on the table for potential sale, and the company has sold or licensed more than $600 million in patents over the last three years. - Reuters
