SAN FRANCISCO - 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. BGC analyst Colin Gillis said in a research note last week that Yahoo's core assets would be sold for relatively little. Revenue rose slightly to $1.3 billion from $1.24 billion a year earlier, the company said. In February, Yahoo said it was cutting 15 percent of its workforce and narrowing its focus as it explored "strategic alternatives." The deal was reached with Starboard Value, which had launched a bid to replace the entire board of the Internet giant.

Source: Bangkok Post July 18, 2016 21:33 UTC