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Mayer Mulls Putting Alibaba Cash to Work
Posted by: Rachelle Dragani August 10, 2012 10:37 AM

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Newly hired Yahoo CEO Marissa Mayer is reportedly considering a change in business strategy for the company, beginning with a restructuring plan that would use the revenue from Yahoo’s Alibaba sale for long-term investment options rather than an immediate payback to shareholders. Yahoo announced in May it would sell half of its 40 percent stake in the Chinese Internet company in a $7 billion deal. At the time, interim CEO Ross Levinsohn indicated that much of the $4 billion the company would make after taxes would go back to shareholders.

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