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Yahoo to buy back USD 2 bln more worth of shares

Friday 27 March 2015 | 12:16 CET | News
Yahoo is planning to launch an additional USD 2 billion worth of share backs using proceeds from the recent public offering of the Alibaba Group, the Wall Street Journal reported. The new buybacks are part of CEO Marissa Mayer's broader effort to unlock value from Yahoo's Asian assets and return cash to shareholders. The additional buybacks also bolster Mayer's defense against activist investor Starboard Value, who sayd the CEO has diminished investor value by overspending on acquisitions. The investor reiterated some of its concerns in a letter to Mayer earlier this month, urging the company

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Categories: General
Companies: Alibaba / Yahoo / Yahoo Japan
Countries: World
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