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Starboard Urges Yahoo To Change Management, Board


Ron Burgundy
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Marissa Mayer, President and CEO of Yahoo, participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco(Reuters) - Activist investor Starboard Value LP said on Wednesday Yahoo Inc should consider changing its management, board and its business strategy. Shares of Yahoo, which owns a 15 percent stake in Chinese e-commerce giant Alibaba Group Holding Ltd , were down 1.5 percent at $31.71 in premarket trading. In a letter to Yahoo's board, Starboard said the Internet company should separate its Asia assets - its stakes in Alibaba and Yahoo Japan Corp - through either a sale or spin-off of the core search and advertising business.




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