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Yahoo may restructure media unit: Re/code

Published 12/08/2015, 11:42 AM
© Reuters. The Yahoo logo is shown at the company's headquarters in Sunnyvale
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(Reuters) - Yahoo Inc (O:YHOO) may make big changes to its media unit, restructuring and consolidating it, including making cuts and shuttering some efforts, tech news site Re/code said.

The changes could be announced inside Yahoo this week, part of a series of recommendations by consulting company McKinsey & Co, Re/code said, citing sources close to the situation. (http://on.recode.net/1TXMdoe)

Yahoo was not immediately available to comment.

Yahoo's board members have to yet decide whether to sell Yahoo's core business, which includes Mail, its sports sites, and advertising technology.

© Reuters. The Yahoo logo is shown at the company's headquarters in Sunnyvale

The company is in the process of deciding whether to continue with the spinoff of its $30 billion stake in Chinese e-commerce company Alibaba Group Holdings Ltd (N:BABA).

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