Ron Burgundy Posted December 3, 2015 Share Posted December 3, 2015 SAN FRANCISCO/BENGALURU (Reuters) - An activist investor on Thursday renewed its push for Yahoo Inc to abandon its plans to spin off its valuable stake in Chinese e-commerce giant Alibaba Group Holding Ltd and instead sell its core business "at the highest price possible." The pressure from Starboard Value LP came as Yahoo's board, in a three-day meeting that started on Wednesday, was reportedly weighing a number of options for the troubled company. Alibaba, seen by some as a potential buyer, is unlikely to be interested, according to the Wall Street Journal. Citing a person familiar with the matter, the Journal said Alibaba felt the core business is not attractive, "given the difficulties successive managers have had in turning it around." (http://on.wsj.com/1jAjb0T) Yahoo's board, which includes co-founder David Filo, Wal-Mart Stores Inc former Chief Executive H. Lee Scott Jr. and Charles Schwab Corp Chairman Charles R. Schwab, was also expected to discuss the planned spinoff of Yahoo's 15 percent stake in Alibaba. View the full article Quote Link to comment Share on other sites More sharing options...
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