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December 21, 2011

Yahoo sale in the offing

Yahoo? Boohoo is more like it. From Forbes:

The New York Times is reporting that Yahoo tomorrow will consider a proposal to sell its stakes in Yahoo Japan and Alibaba Group, in a transaction that would be worth approximately $17 billion. But here's the thing: Yahoo's entire market cap is just over $18 billion.

So, Yahoo's non-Asian assets are only worth $1 billion. Goodness, how the mighty have fallen, even Groupon has a market cap larger than $10 billion...

-bjmq

December 21, 2011 in Asia | Permalink

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