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Investors cheer Yahoo shares rise as board meets and considers sale of Web business

2015-12-03 01:53:07| IT Services - Topix.net

Plans by Yahoo Inc's board to consider selling its struggling Internet business sent the company's shares up more than 5 percent on Wednesday, as investors cheered a potential new way to separate Yahoo's traditional services from its valuable investment in Chinese Web merchant Alibaba. Yahoo's board will weigh a sale of the Internet business at a three-day board meeting starting on Wednesday, a source familiar with the matter told Reuters on Tuesday.

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