Yahoo board in final talks on future of company
Yahoo Inc’s board of directors on Friday is in the third and final day of meetings that could decide the future of one of Silicon Valley’s most prominent but troubled companies.
One option on the table for the nine board members is whether to sell Yahoo’s core business, which includes Mail, its sports sites, and advertising technology.
The company is also in the process of deciding whether to continue with the spinoff of its $30 billion stake in Chinese e-commerce company Alibaba Group Holdings Ltd.
SunTrust analyst Robert Peck said the board might hold off on any decision because of the complexity of some of the options.
“While many investors may simply apply a mid single-digit EBITDA multiple to value the core, we believe the value is more intricate,” he wrote, referring to earnings before interest, taxes, depreciation and amortization.
