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Yahoo exploring sale of 'non-core' assets

Computing giant Yahoo Inc is looking at the sale of up to $US3 billion in non-core assets.

Sign outside Yahoo's headquarters
Computing giant Yahoo Inc is looking at the sale of up to $US3 billion in non-core assets. (AAP)

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Source: AAP


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Yahoo Inc is exploring the sale of $US1 billion ($A1.37 billion) to $US3 billion in patents, property and other "non-core assets," its chief financial officer says.

Yahoo CFO Ken Goldman told the crowd at the Morgan Stanley Technology, Media and Telecom Conference on Thursday 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 $US600 million in patents over the last three years.


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