http://ift.tt/eA8V8J [Reuters] - SAN FRANCISCO/NEW YORK (Reuters) - Activist investor Starboard Value LP said on Friday it has acquired a "significant" stake in Yahoo Inc and urged the Internet company to explore a merger with AOL Inc. Starboard, the second activist investor to target Yahoo in the last three years, also said the company should quickly "monetize" its Asian assets which exceed the enterprise value of its actual business. Shares of Yahoo rose 4.4 percent to close at $40.60, while AOL jumped 3.7 percent to $44.55, both on Nasdaq. Starboard's call marks the latest chapter in Yahoo's protracted effort to revamp the Internet pioneer whose revenue growth has lagged those of competitors such as Google Inc, Facebook Inc and Twitter Inc.
from Yahoo! Finance: YHOO News http://ift.tt/Yk1esP
via IFTTT
from Yahoo! Finance: YHOO News http://ift.tt/Yk1esP
via IFTTT
No comments:
Post a Comment