Yahoo May Be Gearing Up For A Sale | Crunch Report

Yahoo May Be Gearing Up For A Sale | Crunch Report


Is Yahoo selling off its core business? Postmates
and Starbucks start delivering coffee, watch Star Wars VR on Google Cardboard and more… It’s Wed Dec 2nd, and this is Crunch Report.
Last night, The Wall Street Journal reported that the board of Yahoo will consider selling
off its core business in a series of upcoming meetings. What does ‘core business’ mean for
Yahoo? Good question, since Yahoo doesn’t refer to anything as its core business. Specifically,
the Journal is reporting that in the meetings, the board will decide whether or not to spin
off its stake in Alibaba, sell off the company’s Internet assets, or both. The status of the
company’s stake in Alibaba has been a big question mark since it was reported that the
process could be more complicated from a tax perspective. Although the value of its stake
in Alibaba is significant, that’s not Yahoo’s core business either. Search, Sports, Tumblr…
Yahoo’s weather app? In any case, shares of the company spiked 7 percent in after hours
trading once the news came out. Today, sources tell the Journal that interested companies
include Verizon, IAC/InterActive Corp, and that News Corp and Time Inc. may be interested
in pieces of Yahoo, according to executives familiar with the situation. It’s worth noting
that in 2015, Yahoo’s stock has fallen more than 30%. Enterprise cloud company Box reported its
Q3 earnings today. The company lost $0.31 per share on revenue of $78.7 million, which
did better than the street expected, beating on revenue, and meeting on profits. Box was
down around 4% following the news. Though it’s since recovered. Compared to the year-ago
quarter, Box’s revenues grew 38%. Box has previously stated it doesn’t anticipate needing
additional capital as it works towards being profitable. As a now public corporation, Box
‘s high high burn, high growth model is a little harder for investors to swallow than
it was as a private company. Way back in March, Starbucks and Postmates
announced they’d be partnering up for delivery in Seatttle, and the pilot program’s finally
ready to launch in downtown Seattle and also some nearby neighborhoods. It allows consumers
to place a coffee order via the Starbucks iOS app, pay using a credit card, or Apple
Pay, or their Starbucks card. Delivery is $5.99 and tips are expected, so it makes more
sense in bigger orders… for an office or party or just someone who wants to drink a
lot of coffee and eat a lot of very dry scones. Starbucks already has a successful Mobile
Order & Pay feature that allows customers in over 7,400 stores place orders ahead of
swinging by using the Starbucks iOS or Android app, so this is a nice extension of that.
The company says mobile payments now account for 20 percent of all in-store transactions
across the U.S., and Starbucks processes almost nine million mobile transactions each week.
Postmates says the new delivery option has a goal of delivering orders in under 30 minutes
so food and drink items stay hot and fresh. Postmates also has deals in place with big
retailers like Apple, Walgreens, Chipotle, and 7-Eleven. Do you enjoy the music platform Songza? Too
bad, it’s going away and will be fully folded into Google Play Music as of January 31, 2016.
Google bought Songza back in July of 2014 – though we never did find out what the price
was – and has little by little integrated Songza’s technology into Google Play. Hey,
at least they’re keeping the good stuff! Songza users can migrate their accounts to Google
Play Music, which will also carry over their favorited songs and playlists. Songza launched
back in 2007 and used information like date, time, and past listening history to offer
curated playlists based on predictions about the user’s mood or activity inside a feature
called Concierge. Users could also find playlists by genre, mood, or artist. All four Songza
founders will continue to work on the Google Play Music team, which is currently available
in 60 countries, and Concierge, which was a Songza feature that now lives inside Play
Music, is available in 13 countries. Hey, did you hear there’s a new Star Wars
movie coming out this month? Apparently a few die-hard fans are interested. such as…
everyone on earth. The Force Awakens opens on December 18th… and to keep you excited
beforehand, the official Star Wars app for iOS and Android now has virtual reality experience
called “Jakku Spy,” powered by Google Cardboard. It was developed by Lucasfilm’s ILMxLAB
studio along with Google and Verizon. The premise is you as a Resistance secret agent
experiencing the story via 360-degree immersive virtual reality, with new vignettes being
released every few days. The files are fairly big so you’re better off in a good Wifi area.
Verizon stores are now carrying Star Wars-themed Google Cardboard in BB-8, Kylo Ren, First
Order stormtrooper, and R2-D2 versions.. and as long as you’re a Verizon customer, they’re
free! That’s the report for today. I’m Sarah
Lane. Crunch Report airs every weekday at 7 pm Eastern,
4 pm Pacific, on techcrunch.com. You can also find us on iTunes, and on YouTube. See you
tomorrow!

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