Deals
Yahoo Weighs Options for Japan Stake; Sales Miss Estimates
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Yahoo! Inc. Chief Executive Officer Marissa Mayer outlined plans to explore options for the company’s stake in its Japanese division as another report showed disappointing sales and profit.
The company has hired advisers to consider opportunities to maximize value for its stake of about 35 percent in Yahoo Japan Corp., valued at more than $8 billion, Mayer said on a conference call Tuesday. Earlier, the company said first-quarter sales fell 4 percent to $1.04 billion, and gave a lackluster forecast for the current period.