Yahoo is reversing its plan to spin-off its huge stake in Chinese retail monster Alibaba. Instead it will spin off its core internet business, including names you recognize like Flickr, Tumblr, et al, into another business. It’s a riveting morning in Marissa Mayer’s empire.
What does this mean for you right now, non-Yahoo investor? Very little! This is a business deal. Presumably this new spun-off entity would be on the block for sale to other companies. There are rumors Verizon or even private equity might step in to gobble up Yahoo’s core. Yahoo’s been screwing itself up for years, and it’s just too soon to know if this could be a first step towards reviving the OG internet legend.