- Bloomberg reports Yahoo (YHOO) is reconsidering the spinoff of its core business, and is now open to selling it. Shares have spiked higher in response.
- Activist Starboard Value has called for a sale of core Yahoo. The company announced in December (along with the cancellation of its Alibaba stake spinoff plans) it would explore a spinoff of its non-Alibaba assets.
- Bloomberg cautions Yahoo hasn't yet decided whether to sell the core business or hired a bank to run a sale process. If core Yahoo goes on the block, various P-E, Web, media, and telco firms are expected to bid for all or parts of the business.