Yahoo Inc. was born online, but the struggling company is reportedly considering selling off its Internet business.
According to a report by the Wall Street Journal on Tuesday, Yahoo’s board will start talking about options today and continue through the rest of the week. Sources told the WSJ that they are considering spinning off its $30 billion stake in the Chinese company Alibaba, selling its Internet services or even doing both.
As CNet notes, the search site has tried to remake its standing in the Web world since Marissa Mayer took over in 2012. She’s tried to make it a source for news by bringing in Katie Couric for original news reports and even broke into original programming by picking up Sony’s Community.
Despite the struggles, Yahoo’s Internet services like news and mail, are still some of the most-used services on the web, the WSJ notes. Comscore stats show that Yahoo is behind only Google and Facebook on the list of most-visited sites on the web.
But again, other ventures have failed to interest users of the search engine. Community and other original shows reportedly cost Yahoo $42 million in losses.