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Starboard asks Yahoo to sell core business instead of Alibaba stake
November 19, 2015 by creative · Leave a Comment
Activist investor Starboard Value LP asked Yahoo Inc to drop plans to spin off its stake in Alibaba Group Holdings Ltd due to tax concerns, and instead urged the company to sell its core search and display advertising businesses. Yahoo's current net cash holding and the funds raised from a sale of the business could be returned to shareholders through buybacks and…
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Starboard asks Yahoo to sell core business instead of Alibaba stake