Yahoo may rethink use of cash from sale

  • Business
  • Saturday, 11 Aug 2012

SAN FRANCISCO: Yahoo Inc startled investors by announcing that new chief executive Marissa Mayer might reconsider what it would do with the cash it got from a multi-billion dollar sale of half of its 40% stake in Chinese Internet company Alibaba Group.

Shares of Yahoo, which had previously promised to return most of the cash to shareholders, slid 3.5% to US$15.45 in after-hours trade. Reuters

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Did you find this article insightful?


Across the site