Yahoo! set to sell Dubai office space

Internet portal is closing down its Dubai Internet City office by end of this month

some are working from home.

“We are incredibly grateful for our employees’ hard work and contributions. We will continue to provide our suite of consumer services in Arabic and English and our advertising inventory through Yahoo! marketplaces and other advertising exchanges,” said Carolyn Clark, senior communications manager at Yahoo!, in December.

An industry expert said the portal is closing offices outside the US as it faces pressure from the growth in Google and Facebook and Mayer is facing mounting pressure to quit. “The company is focusing on building its operations in the US through acquisitions. Yahoo! still has a long way to go to be in the position of Google and Facebook,” he said.

On Tuesday, executives said they would continue to explore a sale of the company and expand mobile and video advertising, even as Yahoo! reported that revenue had fallen by 11 per cent over the past year. It’s potential buyers are Verizon, TPG and one that pairs Bain Capital with upstart Vista Equity Partners that includes former Yahoo! execs such as former interim CEO Ross Levinsohn.