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Yahoo changes severance conditions

Friday 15 April 2016 | 08:54 CET | News
Yahoo! is altering the way a change of ownership would affect employee severance plans. Following the changes, a change in control would be triggered by a sale of "all or substantially all of the company's operating business," Yahoo said in a regulatory filing. Under the old plans, the severance kicked in with a change affecting ownership of the entire company. Yahoo has set a deadline of 18 April for the first round of bids for its web operations, according to multiple reports. The company said in February it would consider strategic options. 

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Categories: Internet
Companies: Yahoo!
Countries: World
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