Activist investor Starboard Value penned a letter the other week pushing Yahoo (YHOO) to forget about spinning out its Alibaba (BABA) stake and simply sell its core business.
Yahoo is now hosting a series of meetings this week to look into such a sale. The meetings last today through Fri. and will determine whether it pushes ahead with the Alibaba spinoff or tries to figure out a way to sell the core business.
The board has said that CEO Marissa Mayer is here to stay and will only leave if she wants to. If it does push for a sale of the core business, Alibaba and Microsoft are logical buyers. Either way, Yahoo isn't a stock your grandma should own.