Scalper1 News
Yahoo (YHOO) is now under pressure from a major investor, which initially urged the Web portal to spin off its stake in China e-commerce giant Alibaba Group (BABA), to instead call off that deal and sell Yahoo’s ailing core Internet search business. “The proposed spinoff of Aabaco Holdings is not Yahoo’s best alternative,” activist investor Starboard Value said in a letter to Yahoo CEO Marissa Mayer and Yahoo Chairman Maynard Webb on Thursday. The Scalper1 News
Scalper1 News