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Yahoo shareholder warns against major acquisitions

Friday 9 January 2015 | 09:03 CET | News
Yahoo shareholder Starboard Value has warned the company against making any large acquisitions. Jeffrey Smith, managing member of Starboard Value, wrote to Yahoo chief executive Marissa Mayer after rumours that the company could be considering a deal to buy cable TV channels including Scripps Networks Interactive and Time Warner's CNN, the Financial Times reports. The shareholder, who lobbied for Yahoo to tie up with AOL in a previous letter, said it was "increasingly concerned" that the company could use the proceeds from the sale of some of its stake in Alibaba to make a big purchase. Smith

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Categories: Internet
Companies: AOL / Scripps Networks Interactive / Yahoo
Countries: World
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