This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-36828177
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Yahoo: still no buyer as losses widen to $440m | Yahoo: still no buyer as losses widen to $440m |
| (35 minutes later) | |
| Yahoo gave no update on attempts to sell its core internet business as the firm slumped to a $440m (£332m) loss in the second quarter. | Yahoo gave no update on attempts to sell its core internet business as the firm slumped to a $440m (£332m) loss in the second quarter. |
| Investors are likely to be disappointed by the lack of an update on the sale of its search and advertising operations. | Investors are likely to be disappointed by the lack of an update on the sale of its search and advertising operations. |
| Chief executive Marissa Mayer said only that the board had made "great progress on strategic alternatives". | Chief executive Marissa Mayer said only that the board had made "great progress on strategic alternatives". |
| Yahoo reported a $60m rise in revenue to $1.3bn for the three months to June. | Yahoo reported a $60m rise in revenue to $1.3bn for the three months to June. |
| The increase was mainly generated by its core internet business, although mobile revenue jumped from $252m to $378m. | The increase was mainly generated by its core internet business, although mobile revenue jumped from $252m to $378m. |
| Much of the speculation about Yahoo's future is centred on Verizon, the telecoms giant that recently bought AOL, another faded internet star. | Much of the speculation about Yahoo's future is centred on Verizon, the telecoms giant that recently bought AOL, another faded internet star. |
| AT&T and a partnership between Quicken Loans founder Dan Gilbert and billionaire Warren Buffett were also thought to be in contention. | |
| Yahoo could announce a buyer by the end of the month, according to some reports. | Yahoo could announce a buyer by the end of the month, according to some reports. |
| It remained unclear how much Yahoo might fetch, with estimates ranging from $5bn to $8bn. | |
| In a recent note, BGC analyst Colin Gillis wrote: "We expect any offer in the range of $5-plus billion should be accepted by the Yahoo board to bring the process to a close." | |
| Shares rose 0.6% to $37.95, valuing the company at $35.8bn. Much of that sum is due to Yahoo's stake in Chinese ecommerce giant Alibaba. | |
| The future of Yahoo has been in question for several years and Ms Mayer has made little progress in returning the company to profit. | The future of Yahoo has been in question for several years and Ms Mayer has made little progress in returning the company to profit. |
| 'Maximise value' | |
| Her plan to spin-off Yahoo's stake in Alibaba was scrapped last year in favour of selling the search and advertising business. | |
| Ms Mayer said despite the impending sale, she was still focused on increasing growth and cutting costs: "It is important to maximise the value of Yahoo in any scenario." | |
| In February Yahoo cut 15% of its global workforce. | |
| The company faced another hurdle last week after a report alleged many of the company's technology patents were flawed, lowering their value. | |
| A survey by TurboPatent concluded that 44% of Yahoo's patents had "high severity" issues. |