http://ift.tt/eA8V8J [AFP] - An activist investment firm Friday urged Yahoo to explore a tie-up with online rival AOL, saying such a deal could help the struggling Internet pioneer "unlock" value for shareholders. Starboard Value LP, which said it had acquired a "significant" ownership interest in the company, said in an open later to Yahoo chief Marissa Mayer that bringing together the two early Internet giants could lead to "up to $1 billion of synergies" and lift the value of Yahoo as it divests a large portion of its stake in Chinese online group Alibaba. Silicon Valley-based Yahoo acknowledged it received the letter from Starboard and said that it intends to act in the best interest of the company. "As part of our regular evaluation of Yahoo's strategic initiatives to drive sustainable shareholder value, we will review Starboard's letter carefully and look forward to discussing it with them."
from Yahoo! Finance: YHOO News http://ift.tt/1sDPi3g
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from Yahoo! Finance: YHOO News http://ift.tt/1sDPi3g
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