Scalper1 News
Yahoo (YHOO) stock spiked Friday following a Bloomberg report that the Web portal is considering an outright sale of its main Internet business. Yahoo hasn’t made any final decisions and hasn’t hired a bank to run an official process or contacted potential buyers, Bloomberg said. The shift in thinking comes as the company’s leaders decide they need a new plan in light of an expected proxy fight by activist investor Starboard Value, according to Scalper1 News
Scalper1 News