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Yahoo hires McKinsey to help reorganize its core business: Report

Nov 10, 2015    

Yahoo Inc has appointed management consulting firm McKinsey & Co to help with the reorganization of its core businesses, technology news website Re/code reported on Monday. McKinsey will help Yahoo decide which units to shut, sell or invest in, Re/code said, citing several people close to the situation. Yahoo, which is preparing to spin off its 15 percent stake in Chinese e-commerce giant Alibaba Group Holding Ltd, declined to comment, as did McKinsey.Yahoo has been struggling to boost revenue from ad sales in the face of stiff competition from Google and Facebook Inc. Under Chief Executiv...

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