Attractive stock: Yahoo Inc's shares look appealing because the company's estimated asset value is nearly US$48 (RM211.14) a share. — Reuters
NEW YORK: Increased shareholder pressure on Yahoo Inc to sell its core Internet business could also lead to sales of its stakes in Chinese e-commerce company Alibaba and Yahoo Japan Corp, according to the latest edition of Barron's.
The sale of its core business, and its stakes in Alibaba and Yahoo Japan, could see Yahoo's stock price jump to US$40 (RM175.95) a share, an almost 35% gain from Friday's close of US$29.14 (RM128.18).
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