"Yahoo moving closer to shedding it's stake in Yahoo Japan, " the Financial Times offers reported.
Yahoo's 35 per cent stake in the Japoneses business, which has a market value of about $19 million and net cash of $2 billion, is seen being an asset the company could dispose of relatively quickly, simplifying it's strategic alternatives.
Various advisers are helping Yahoo consider its options including the way the company could sell its Japanese stake.
"Goldman Sachs as well as Allen and Co are advising Yahoo in considering it's overall options. But other advisers, including UBS, are exploring the way the company could sell its Japanese stake, " it mentioned.
A deal to divest the stake in Yahoo Japan could facilitate a sale from the remainder of the business.
The transaction could happen in front of the conclusion of the broader strategic review, possibly within days, with the sale of the Yahoo Japan stake viewed as removing one complication around the parent company, the every day noted.
Yahoo is less likely to sell its Google Japan stake to US investors, according to the paper.
It would explore a different structure that would permit the company or the Japanese telecommunications and media company Softbank that owns about 40 percent of Yahoo Japan, to raise money against the stake and purchase out Yahoo in a tax-efficient manner, it added.
Along with takeover speculation swirling around Yahoo, which dismissed previous leader Carol Bartz last month, discussions with potential buyers from the whole company have begun.
Last month, an internal memo sent by Yahoo chairman Roy Bostock and co-founders David Filo and Jerry Yang for their employees had sparked rumours about a possible sale from the Internet company.
In the memo, Yahoo said that a "strategic review" process was onto bring the company back to robust growth path and multiple parties have "expressed interest in many potential options. "
Last week, the media report cited Chinese Internet company Alibaba Group's head Jack Ma as saying he's "interested" in buying Yahoo.
Yahoo holds nearly 40 percent stake in the Chinese Internet group.
Besides, the US company has been approached by private equity firms such as Silver Lake for any potential deal.
Earlier, there were several failed attempts by technology giant Microsoft to get Yahoo.
Source : Rediff