In a surprise turnaround, Yahoo! announced Wednesday that after nearly a year of preparations it was scrapping plans to spinoff its $30 billion stake in the Chinese e-commerce giant Alibaba. Yahoo! says it will now focus on turning other divisions, including its core Internet business, into a stand-alone, publicly traded company. All this comes as CEO Marissa Mayer is facing heat for a recent exodus of executives and falling stock prices.
More Questions Emerge About Yahoo! as Company Drops Plans to Sell Alibaba Stake
at 9:00 AM
(Photo by Brad Barket/Getty Images for WIRED)
Kara Swisher, cofounder, Re/Code - an independent tech news and analysis site
Doug MacMillan, technology reporter, Wall Street Journal
Miguel Helft, San Francisco bureau chief, Forbes