This related Bloomberg article provides some perspective on Yahoo's foreign stakes. http://www.bloombergview.com/articles/2014-04-17/how-can-yahoo-be-worth-les

This related Bloomberg article provides some perspective on Yahoo's foreign stakes. http://www.bloombergview.com/articles/2014-04-17/how-can-yahoo-be-worth-less-than-zero http://www.bloombergview.com/articles/2014-04-17/how-can-yah... The valuation of their two main foreign assets actually exceeds the market cap of the whole company. This indicates that not only is the current strategy not working, even with billions of dollars available a new strategy won't be found.