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).

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