Yahoo Reports Loss Of $99m In Three Months

Struggling internet company Yahoo has reported a quarterly loss of $99m (£68m), adding that it is continuing its strategic review.

The company has been courting potential buyers and looking at its options.

Chief executive Marissa Mayer said the firm has "made substantial progress towards potential strategic alternatives".

The faded internet pioneer put its core business up for sale in February after shelving plans to spin off its lucrative $33bn (£23bn) stake in Chinese e-commerce business Alibaba – which could have landed it with a tax bill of more than $10bn (£7bn).

More follows...

Let's block ads! (Why?)

Share on Google Plus

About Quang

My blog is the place to update the latest information on sports, science and technology ... If you found this article good, useful please the share for others to see, even if you want to design a ecommerce website or web edit or set a special plugin functionality, please contact us now (Information in the footer)