UPDATE 2-Starboard asks Yahoo to sell core business instead of Alibaba stake

November 19, 2015 2:24 PM

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* Yahoo and Alibaba shares flat premarket (Adds analyst comment, details on Yahoo core business, valuation)

Nov 19 Activist investor Starboard Value LP asked Yahoo Inc to drop plans to sell its stake in Alibaba Group Holdings Ltd due to tax concerns, and instead urged the company to sell its core search and display advertising businesses.

Also read: ConocoPhillips to Sell Chunk of Canadian Oil-Sands Assets For $13.3 Billion

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