Yahoo's board may be considering this week the sale of its core Internet business, after an activist investor demanded last month that the company explore the sale of its core search and display advertising businesses.

The board will be meeting to discuss the sale in a series of meetings from Wednesday through Friday, The Wall Street Journal reported, citing people familiar with the matter.

Yahoo had previously planned to spin off its shares in Alibaba Holding Group, through a company called Aabaco Holdings, but has held back on the move because of uncertainties about potential tax implications.

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