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
A worker glues the Chinese characters for Yahoo! China onto a billboard in Beijing.   (AP Photo/Ng Han Guan, File)

(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. (Read more Yahoo stories.)

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