New Delhi, Jan. 18 (ANI): According to the latest edition in Barron’s, Yahoo is facing an increased shareholder pressure to sell its core Internet business, which could also lead to sales of its stakes in Chinese e-commerce company Alibaba and Yahoo Japan Corp.
The sale of its core business and stakes in Alibaba and Yahoo Japan could see Yahoo’s stock price jump to USD 40 a share, an almost 35 percent gain from Friday’s close of USD 29.14.
Yahoo’s shares look appealing because the company’s estimated asset value is nearly USD 48 per share, Barron’s said.
Activist investor Starboard Value LP last week ramped up pressure on Yahoo, taking aim at Chief Executive Officer Marissa Mayer and her leadership team and raising the prospect that a proxy battle is approaching. (ANI)