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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.
NEW YORK (Reuters) - Yahoo Inc said it is to sell up to half of its stake in Internet entrepreneur Jack Ma's Alibaba Group back to the Chinese company for $7.1 billion, and hand most of the sale proceeds to its shareholders.
SAN FRANCISCO: Yahoo Incs board convened on Monday afternoon to discuss the mounting upset surrounding chief executive Scott Thompson, who has apologised to employees after being accused last week by activist investor Daniel Loeb of padding his resume, a source with knowledge of the matter said.
SAN FRANCISCO: Yahoo Inc could be weeks away from selling 15% to 25% of Alibaba Group’s stock back to China’s largest ecommerce company, in a deal designed to eliminate complexities that had scuttled the parties’ previous negotiations, a source said.