Report: Yahoo To Sell Off Patents, Potentially Worth $1 Billion

[engine]

According to the WSJ, Yahoo is set to sell off around 3,000 patents, which may be worth as much as $1 billion.

In recent weeks, the internet company sent letters to a range of potential buyers for the patents, which date back to Yahoo’s initial public offering in 1996 and include its original search technology, one of the people said. Report: Yahoo To Sell Off Patents, Potentially Worth $1 Billion [wsj.com]

[jmccormac]

This has all the signs of a fire sale. The firm seems to have been cursed with poor management. Not buying Google, surrendering Search, the rejected Microsoft bid etc all seem to have been nails in the coffin of Yahoo.

Regards...jmcc

[keyplyr]

This has all the signs of a fire sale.

Looks like Verizon to has bid $3 Billion for Yahoo's web assets. Is this an acquisition?