Reuters – Yahoo Inc (YHOO.O) is exploring the sale of $1 billion to $3 billion of patents, property and other “non-core assets,” its chief financial officer said on Thursday.
Yahoo CFO Ken Goldman told 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.
In current weeks, media reports have surfaced that Time Inc (TIME.N), Verizon Communications Inc (VZ.N) and various other suitors have emerged as possible purchasers.
Goldman did not confirm the reports but said the committee is “aligned to see what best creates shareholder value.”