Yahoo logs loss as it courts potential buyers

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Yahoo logs loss as it courts potential buyers

San Francisco (AFP) – Yahoo on Tuesday reported a quarterly loss of $99 million as the struggling Internet pioneer continued to court potential buyers and examine other strategic options.

Yahoo chief executive Marissa Mayer said the company has “made substantial progress towards potential strategic alternatives” while working to trim costs and drive long-term growth.

Yahoo President and CEO Marissa Mayer, pictured on February 18, 2016, said the company has “made substantial progress towards potential strategic alternatives”
Copyright Getty/AFP/File Stephen Lam

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