A third option is very simply about focus. Yahoo experienced this itself under Verizon, wasting years on useless 5G-oriented initiatives, a completely irrelevan

A third option is very simply about focus. Yahoo experienced this itself under Verizon, wasting years on useless 5G-oriented initiatives, a completely irrelevant focus for Yahoo itself. If the focus of a company's leadership isn't aligned with what benefits a subsection of that company, spin-out is a good way for that subsection to gain an aligned focus without detracting from the parent company's goals. Vespa's been a technology built with search & ad-serving in mind, while Yahoo's other recent moves have been ad-tech layoffs alongside acquisitions in sports, finance & tech journalism, so the focus shift makes some sense here.