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Yahoo! shareholder pushes for Japan stake spin-off

Tuesday 10 March 2015 | 09:05 CET | News
Yahoo! shareholders Starboard Value is urging Yahoo to go further with its break-up plans and spin off its stake in Yahoo Japan. Starboard successfully lobbied for Yahoo to split off its stake in Alibaba, and said the move announced at the end of January was a "good first step", the Financial Times reports. However, it said Yahoo's financial performance as revenues decline in the core business was "unacceptable" and "troubling", and that shareholders, analysts and industry executives still had "substantial scepticism" about the company's management. In a letter addressed to CEO Marissa Mayer,

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Categories: Internet
Companies: Softbank / Yahoo Japan / Yahoo!
Countries: Japan / World
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