Ron Burgundy Posted March 9, 2015 Share Posted March 9, 2015 (Reuters) - Yahoo Inc shareholder Starboard Value LP said the company's spinoff of its stake in Alibaba Group Holding Ltd was a "good first step" but it could do more, including a share buyback of up to $4 billion. "Yahoo is in need of a major overhaul," the activist investor wrote in a letter to Yahoo's board on Monday. Starboard recommended that Yahoo aggressively cut costs, buy back $3.5 billion-$4.0 billion of shares and separate the Yahoo Japan stake in a tax-efficient manner. The steps could unlock $11.1 billion of shareholder value, or about $11.70 per share, Starboard said. View the full article Quote Link to comment Share on other sites More sharing options...
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