Yahoo will likely end up selling its core business once its proxy fight with Starboard Value is finished, RBC Capital Market analyst Mark Mahaney said Thursday.
"I think the probable outcome here is that we have a sale of core Yahoo to a strategic buyer, something like a Verizon. That seems like the most likely outcome, probably happens in the next 12 months. It's kind of hard to imagine the current status quo continuing," he told CNBC's "Squawk on the Street."
Verizon declined to comment.
On Thursday, Starboard nominated nine new members to Yahoo's board of directors. Yahoo responded by saying it will consider the nominations.