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Yahoo to Unload Asian Assets?

$17B deal seen as way to revamp US business

By Rob Quinn,  Newser Staff

Posted Dec 22, 2011 3:43 AM CST

(Newser) – Yahoo is considering selling off its Asian assets—the most valuable part of its business by far—to raise cash and breathe new life into its declining US operations. The company is considering unloading most of its stake in China's Alibaba and all of its stake in Yahoo Japan in a complicated deal valued at some $17 billion, Reuters reports. The deal values Yahoo's American business at only $2 of the company's share price, which is currently around $16 per share.

A worker glues the Chinese characters for Yahoo! China onto a billboard in Beijing.
A worker glues the Chinese characters for Yahoo! China onto a billboard in Beijing.   (AP Photo/Ng Han Guan, File)
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COMMENTS
Showing 2 of 3 comments
Jingo
Dec 22, 2011 6:13 AM CST
Another bad move by Yahoo, to sell out of the only part of the operation that is growing.
Mr_Joshua
Dec 22, 2011 4:21 AM CST
I said when they went into this that they would fail. The Chinese want nothing more than to steal the technology and knowledge and then they spit you out. Western companies are desperate a piece of the Chinese pie and the Chinese know it. The Chinese are not to be trusted............. ever. And you can call me............... Mr Joshua

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