Yahoo Inc is going to discuss the sale of its core Internet Business in a board meeting held this week. This meeting will decide the future of Yahoo and its CEO Marissa Mayer. In the meeting, The members will also discuss whether or not to go ahead with a plan to spin off over $30 billion in shares of Alibaba Holding Group Ltd.
Yahoo's core business includes Yahoo Mail, Yahoo News & Yahoo Sports Sites. In the recent years, Yahoo struggled to compete with the advertisement business of Google and Facebook.
When Marissa Mayer became its CEO ending her long association with Google, Expectations were high but revenue continued to remain disappointing. Even acquiring social blogging site Tumblr for $1.1 billion (Rs 7,300 crore) in 2013 didn't help the cause even though Yahoo's user base grow to 1 billion.
Yahoo's core business includes Yahoo Mail, Yahoo News & Yahoo Sports Sites. In the recent years, Yahoo struggled to compete with the advertisement business of Google and Facebook.
When Marissa Mayer became its CEO ending her long association with Google, Expectations were high but revenue continued to remain disappointing. Even acquiring social blogging site Tumblr for $1.1 billion (Rs 7,300 crore) in 2013 didn't help the cause even though Yahoo's user base grow to 1 billion.