USA TODAY: Yahoo will shut down several products in a streamline effort in light of board changes.
The streamlining is part of a larger plan “for simplifying the business and focusing on our strengths across seven core consumer products: Mail, Search, Tumblr, News, Sports, Finance and Lifestyle,” says Yahoo chief architect Amotz Maimon.
Yahoo is preparing for a board battle with shareholders over pressure to sell of its core Internet businesses and retain a stake in Chinese tech giant Alibaba. Yahoo owns a 15% stake in Alibaba that it had planned to spin off before pulling back over fears of a potentially huge tax hit.
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