Yahoo Seeks To Shed Foreign Assets To Offset Losses
Yahoo Inc. is searching for a way to sell or trade-off its’ stake in Tokyo-based Yahoo Japan Corporation. Yahoo Inc. owns about 35% of the Company which specializes in mobile and internet service.
After a slow year in internet advertising, and the resignation of co-founder Jerry Yang, Yahoo Inc is seeking to lean out and build ip some capital. Profits and revenue have been on the decline for the California based corporation.
Experts have advised that a trade rather than a sale could save Yahoo Inc. upwards of $4 billion in taxes. Yahoo Japan Corporation is eager to work out a deal where they could acquire the share for their own or to sell to a new partner.