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Jim Cramer Says Avoid Yahoo On Alibaba Accounting Investigation

June 8, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer is concerned about the accounting issues at Alibaba which is an asset of Yahoo , and for that reason he can’t recommend shares of Yahoo. Cramer also commented on reports that AT&T is interested in buying Yahoo’s core assets, saying AT&T has the money to do it, and had success with its DirecTV acquisition, which he called a ‘brilliant’ move. But Cramer said in the end he thinks Verizon really wants the Yahoo assets and will end up winning the bids for them.

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