Yahoo! reached a deal to sell a 48.6-acre corporate site in California to the Chinese technology firm LeEco, according to the reports by Silicon Valley Business Journal and Investor’s Business Daily.
The site is located in Santa Clara, near the heart of Silicon Valley and four miles away from the company’s Sunnyvale headquarters.
Yahoo paid $106 million for the land back in 2006. The land had entitlements to build roughly 3 million square feet of office or research and development space with a potential to accommodate more than 12,000 workers. But the company never had the chance to begin construction.
Yahoo site near Levi's Stadium in Santa Clara in California Google Map
