SAN FRANCISCO — Yahoo, facing investors’ demands for radical action, said on Tuesday that it would explore “strategic alternatives” including a sale of some assets, something it was resisting as recently as December.
But Yahoo hopes it really will not come to that. The company also outlined a plan to “simplify” itself by shedding assets, cutting expenses and focusing on just a few areas where growth seems promising.
12:34 Sears warns of 'going concern' doubts16
20:44 Trump is trying to take credit for a jobs announcement Charter made months ago10
13:43 Mnuchin on robots taking US jobs: 'It's not even on our radar screen ... 50-100 more years' away11
12:52 Sears reveals 'substantial' doubts about future, shares plunge 11%21