Four Charts That Show the Challenges in Yahoo's Core Business
The unit being spun out faces significant headwinds
This article is for subscribers only.
Yahoo! Inc. is planning to carve out its main Web business into a standalone company, part of a tax-saving "complex transaction" to separate its $31 billion stake in Alibaba Holding Group Ltd.
Yahoo Chief Executive Officer Marissa Mayer has spent the past three years seeking to turn around Yahoo's Web operations, but shareholders are valuing core Yahoo at less than zero; Yahoo's market value of $32.7 billion is less than the sum of its Alibaba stake, $8.7 billion in Yahoo Japan and cash of $6.8 billion.