Yahoo may be selling its core internet business – here’s what that business

Yahoo reportedly will be facing a few crucial days of reckoning Wednesday, Thursday and Friday of this week when its board of directors meets on the company’s Sunnyvale, Calif., campus.

Yahoo is looking into selling its core business, according to sources who have cropped up.

During those meetings, apparently everything is on the table.

Furthermore, Mr. Peck provided a list of his own top ten replacement candidates to take the helm at the internet search giant. Or it could do both.

A spokesman for Yahoo did not immediately respond to a request for comment.

Since then, she’s tried to remake the company for the mobile era as more consumers migrate to smartphones and tablets from PCs.

A $1bn deal for Tumblr in 2013 was criticised by investors – it lifted Yahoo’s user base to around one billion but did not bring in advertisers. Still, she also added that in what will be a short maternity leave, she would be “working throughout”.

As concerns continue about Yahoo and current CEO Marissa Mayer’s ability to effect a turnaround, a top analyst is offering some possible successors. With a $42 million compensation package in 2014, he called her the most overpaid CEO in history.

Yahoo is preparing to cash in on its Internet business, with discussion taking place in a series of meetings until the end of this week. Only Google and Facebook had more visitors.

Pressure is mounting on Mayer, a former Google executive, more than three years into a turnaround effort that has so far shown little progress.

Last month, activist investor Starboard Value LP told Yahoo to halt its overseas asset spin-off and find buyers for its core business instead.

In the meantime, Yahoo has been looking to trim the fat from its product line. Fortune reports that in the past year, more than a dozen have left, despite Mayer asking them to stay with the company for some more time. While the agency is stepping up scrutiny of such transactions, the company is going forward with the plan, which was announced in January, after the IRS indicated any decision isn’t likely to be retroactive. “I have very aggressive expectations for Yahoo’s core business”, she said.