Yahoo! will present a strategic vision and gauge shareholders’ reactions after releasing quarterly earnings on February 2nd. Fred Katayama reports.
(Reuters) – Eleven days ’til D-day at Yahoo.
Sources told Reuters the internet company won’t make any decisions about its future until its earnings call on February 2nd.
That’s when it will present a strategic vision and gauge shareholders’ reactions.
Sources also said Yahoo has been fending off potential buyers for its core internet assets. Making up that core: sites like Yahoo News, Yahoo Finance and its email service.
Some Yahoo investors, like Starboard Value, have been pressing for the sale of that core business. They worry that the ailing internet giant could lose more value to competitors such as Alphabet’s Google and Facebook.
Yahoo shares rose in Friday morning trading.