Having been surrounded by rumours of an imminent sale, Yahoo! – a popular platform for search engine marketing initiatives – has seen the value of its shares drop by the most in two months, according to an article published by Bloomberg.
Share value dropped by 5.6 per cent – now with a value of $15.64 – representing the largest decrease since early August.
With rivals Google and Bing’s owner, Microsoft heavily rumoured to be looking at funding separate deals with other investors, Yahoo! is now said to be looking to sell its Asian assets – instead of selling the whole company.
Any potential sale of Asian assets would see the proceeds redistributed amongst current shareholders.
Co-founder of the search engine, Jerry Yang, speaking at the All Thing Digital Asia conference, stated: “The intent going in is not to put ourselves up for sale.”
“The intent is to look at all the options. There’s plenty of options for the board, and plenty of options for our shareholders to realize value.”