Yahoo is weighing a sale of its core Internet business
The Wall Street Journal first reported the possible sale of the Internet business late on Tuesday. People familiar with the matter told the newspaper the board was expected to also discuss during meetings from Wednesday through Friday whether to proceed with a plan to spin off more than $30 billion in shares of Alibaba Holding Group Ltd. The company could also pursue both options, the paper said.
The company's shares were up more than 7 percent in extended trading.
Yahoo's core business, which includes popular services like Yahoo Mail and its news and sports sites, could attract private equity firms, media and telecom companies or firms like Softbank Group Corp, analysts have said in the past.