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Yahoo (YHOO) stock soared Wednesday on reports the company’s board is weighing whether to put the company up for sale, among other possibly drastic moves. The Wall Street Journal first reported that directors might reconsider whether to spin off Yahoo’s 15% stake in China e-commerce giant Alibaba Group (BABA) — the main value engine for struggling Yahoo. Directors also might opt to put the core search business up for sale, or sell other parts of Scalper1 News
Scalper1 News