- The WSJ reports Yahoo's (YHOO) board plans to explore a sale of the company's core Internet business when it meets from Wednesday-Friday.
- Activist Starboard Value recently called on Yahoo to sell its core operations (thus leaving the company with its Alibaba/Yahoo Japan stakes) in response to the tax uncertainty surrounding the planned spinoff of Yahoo's 384M-share Alibaba stake.
- Yahoo has risen to $34.75 after hours.
- Update (8:15PM ET): Yahoo closed after hours trading up 7.1% to $36.09.