Yahoo Stays Quiet on Strategy Until Shareholders Get Q4 Briefing

Yahoo Inc YHOO will wait to release details of its FY2016 strategic vision until a Feb. 2 quarterly earnings report and investor call, according to Reuters.

 

Multiple sources reported Thursday that Yahoo had received and declined offers for its core internet services, such as search and email.

 

Yahoo is looking to spin off certain services after a planned move to spin off its share in Alibaba BABA faced regulatory and shareholder scrutiny. Reuters reports that investment firms such as Canyon Capital Advisors and Mason Capital recommend an outright sale.

 

Yahoo's stock was up 69 cents in pre-market trading at $29.31 a share.

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