Yahoo will not decide on its next strategic steps until after it announces its fourth quarter 2015 results on 2 February, people familiar with the matter told Reuters. One of the people said the company wants to gauge shareholder reaction after it presents its strategic vision in the earnings conference call. Yahoo has rejected several potential buyers, including private equity firms, for its core internet assets, the three sources said. Yahoo refused to comment on the matter.
The company said last month that it would undertake a tax-free spinoff of its core internet business, a move which could take at least a year. However investors led by Starboard Value are pushing Yahoo to sell the business, which includes its e-mail service and the sale of ads on its news and sports sites. Reuters writes that the investors are concerned that Yahoo’s internet business could lose more value because of competition from Google and Facebook.
