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Yahoo is considering acquiring one or more large
technology startups with some of the $5.8 billion it made from
the initial public offering of Alibaba Group Holding Ltd, the
newspaper said.
Representatives at Yahoo did not immediately respond to an email
seeking comment outside regular U.S. business hours.
Last month, activist investor Starboard Value LP publicly
pressured Yahoo to cut what it referred to as a "bloated" cost
structure.
Starboard, the second activist investor to target Yahoo in the
last three years, also said the company should quickly
"monetize" its Asian assets, which exceed the enterprise value
of its actual business.
Earlier this month, Yahoo said it is reducing the size of its
operations in Bangalore, India, the Internet company's largest
engineering facility outside its California headquarters. It is
also closing its office in Jordan.
Yahoo is "streamlining" its operations in foreign offices, which
might involve a combination of closing offices, cutting jobs and
moving workers to its Sunnyvale, California, headquarters, the
Journal said.
(Reporting by Supriya Kurane in Bangalore; Editing by Gopakumar
Warrier)
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