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 YHOO.O and urged the Internet company to explore a merger with AOL Inc AOL.N. 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 GOOGL.O, Facebook Inc FB.O and Twitter Inc TWTR.N.
from Yahoo! Finance: YHOO News http://ift.tt/Yk1eZQ
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from Yahoo! Finance: YHOO News http://ift.tt/Yk1eZQ
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