Yahoo exploring sale of $1 billion-$3 billion in 'non-core assets': CFO

Reuters News
Posted: Mar 03, 2016 2:27 PM

By Deborah M. Todd

SAN FRANCISCO (Reuters) - Yahoo Inc <YHOO.O> is exploring the sale of $1 billion to $3 billion in patents, property and other "non-core assets," its chief financial officer said on Thursday.

Yahoo CFO Ken Goldman told the crowd at the Morgan Stanley Technology, Media and Telecom Conference that a committee created to explore alternatives to the company's plan to spin off its core business is looking at quick sales of assets.

Goldman said patents, land, property and "non-core units or businesses" are all on the table for potential sale, and the company has sold or licensed more than $600 million in patents over the last three years.

(Editing by Stephen R. Trousdale and Marguerita Choy)