Yahoo shares rise as board meets and considers sale of Web business

Yahoo CEO Marissa Mayer speaks during her keynote address at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada in this file photo taken on January 7, 2014. REUTERS/Robert Galbraith

Plans by Yahoo Inc’s board to consider selling its struggling Internet business sent the company’s shares up more than 5 percent on Wednesday, as investors cheered a potential new way to separate Yahoo‘s traditional services from its valuable investment in Chinese Web merchant Alibaba.

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