Activist hedge fund Starboard, which has been expressing dissatisfaction with Yahoo CEO Marissa Mayer’s strategy for some time, on Thursday sent a letter advising her to toe the line or expect to be ousted. Starboard expressed concern over recent media reports that Mayer has been considering the acquisition of CNN or Scripps Network Interactive.
Starboard also appears worried about what Yahoo will do with its remaining shares of Alibaba, now that more than 60 days have passed since its IPO.
Loading ...
Starboard to Yahoo's Mayer: Our Way or the Highway
Posted by: Richard Adhikari January 9, 2015 11:58 AMActivist hedge fund Starboard, which has been expressing dissatisfaction with Yahoo CEO Marissa Mayer’s strategy for some time, on Thursday sent a letter advising her to toe the line or expect to be ousted. Starboard expressed concern over recent media reports that Mayer has been considering the acquisition of CNN or Scripps Network Interactive.
Starboard also appears worried about what Yahoo will do with its remaining shares of Alibaba, now that more than 60 days have passed since its IPO.