Yahoo sees $440 mn loss, 'progress' on strategic review

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Yahoo sees $440 mn loss, 'progress' on strategic review

San Francisco (AFP) – Yahoo said Monday its loss in the second quarter widened to $440 million from $22 million a year earlier, while offering no definitive news on efforts to sell its core Internet business.

“Our board has made great progress on strategic alternatives,” chief executive Marissa Mayer said in a statement that contained no clues on a widely speculated bidding process for the key assets of the faded Internet star.

Yahoo! President and CEO Marissa Mayer delivers a keynote during the Yahoo Mobile Developers Conference on February 18, 2016 at The Masonic in San Francisco, California
Copyright Getty/AFP/File Stephen Lam

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