Yahoo Revenue Falls 15 Percent and Profit Drops 64 Percent Yahoo also acknowledged that Tumblr — its biggest acquisition under its current chief executive, Marissa Mayer — was now worth only one-third of the $1.1 billion that Yahoo paid for it in 2013.
But investors were not focused on the quarterly numbers or Yahoo’s vast overpayment for Tumblr. They were far more interested in whether Yahoo’s web, email, news and other businesses will finally be sold — and at what price.
Ms. Mayer had little to say about the potential sale in a webcast with investors to discuss the results. She noted that the company had made “great progress” on the strategic review process but offered no timeline for a decision.
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