Yahoo hires McKinsey to help with reorganization: Re/code

Reuters News
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Posted: Nov 09, 2015 8:15 AM

(Reuters) - Yahoo Inc has appointed management consulting firm McKinsey & Co to help with the reorganization of its core businesses, technology news website Re/code reported on Monday.

McKinsey will help Yahoo decide which units to shut, sell or invest in, Re/code said, citing several people close to the situation. (http://on.recode.net/1QdGTOu)

Yahoo, which is preparing to spin off its 15 percent stake in Alibaba Group Holding Ltd, and McKinsey were not immediately available for comment.

(Reporting by Abhirup Roy in Bengaluru; Editing by Savio D'Souza)