Yahoo declines on speculation it will sell assets rather than seek a buyer
Yahoo Inc. fell in early trading today as the company leans toward selling its Asian assets and redistributing the proceeds to shareholders, rather than selling itself to a group of buyers, Bloomberg reported. That scenario is emerging as the most likely option for Yahoo and would let the Internet company eventually pay a special dividend or buy back shares, Bloomberg said. The shares declined 3.3 percent in trading before the markets opened. Before today, the stock had surged 28 percent since early September, Bloomberg said.