Wednesday, February 08, 2012

Yahoo’s Shakeup Puts Pressure on Directors to Sell Asian Assets - Businessweek

Looking likely further disintegration is in Yahoo’s near-term future

Under Bostock and co-founder Jerry Yang, who severed ties to Yahoo last month, the company has faced criticism for spurning a takeover offer by Microsoft Corp., losing search- market share to Google Inc. and failing to extract value from Asian assets, including a stake in Alibaba Group Holding Ltd. The board, aiming to please investors, may make more of an effort to sell the Asian investments, said Herman Leung, an analyst at Susquehanna International Group in San Francisco.

“With Jerry gone and now Bostock gone, it’s kind of a changing of regime in its entirety -- something needs to happen with the Asian assets,” said Leung, who rates the stock “neutral.” “There are no more excuses.”

Yahoo’s Shakeup Puts Pressure on Directors to Sell Asian Assets - Businessweek

Post a Comment