Yahoo! Seeks $500M for Small Business Unit
SUNNYVALE, Calif. (
) --
Yahoo!
(YHOO)
is looking to get up to $500 million for its Yahoo! Small Business unit, which has been on the market for several months, a report says.
Yahoo! has received interest from corporate buyers and private-equity firms for the unit that hosts Web sites for small companies,
Reuters
reports, citing a source familiar with the situation. Another source said some potential corporate buyers have decided not to bid because they think the price is too high.
Yahoo! is trying to sell assets it no longer considers core to its operations. The company reportedly began
shopping the small business unit
, along with its online job classified site Hotjobs, earlier this year.
A Yahoo! spokeswoman told
Reuters
the company doesn't comment on rumors or speculation.
-- Reported by Joseph Woelfel in New York
.
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