Yahoo is up for sale. The strange thing is, the Internet giant might be worth nothing.
Yahoo’s said in its Tuesday afternoon earnings release that it was exploring “strategic alternatives” after its plan to spin off its stake in the Chinese e-commerce giant Alibaba tax-free failed in late 2015. “Strategic alternatives” is how you say “we’re for sale” in corporate-speak.
Yahoo is best known in the U.S. for its free email services and its incredibly popular media channels, including Yahoo Sports and Yahoo Finance, the latter of which is still the best free place on the Web to get updates on the ailing tech company’s falling stock price.
