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By Deborah M. Todd
SAN FRANCISCO: Yahoo Inc 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)
Reuters
