Yahoo Unloading Asian Assets Could Buy Time For Turnaround
This recent development should provide a sigh of relief for the company’s shareholders, who have been skeptical and even scathing toward the company’s leadership in the past few months. Another positive sign is the flexibility that Alibaba seems to be adopting in approaching the deal.
The company gave some signals of a complete takeover a few weeks earlier,  which would have been unacceptable to the board in all likelihood. The Chinese e-commerce giant now seems to be willing to let Yahoo keep a minority stake in Alibaba, a move that has already boosted Yahoo’s stock as the icy relations with the Chinese company seems to be thawing.
We have a price estimate of $17 for Yahoo’s stock, which is around 7% above the current market price.