Tagged YHOO

Starboard Calls for Major Changes at Yahoo!

January 6, 2016 Board of Directors of Yahoo! Inc. 701 First Avenue Sunnyvale, California 94089 Dear Board Members, The past year has been an extremely frustrating one for shareholders of Yahoo! Inc. (“Yahoo” or the “Company”).  We are sure that you, the Board of Directors (the “Board”), must also be frustrated.  Despite reasonable intentions, in…

Yahoo! to Spin Off Alibaba Stake

Yahoo! Inc. will spin-off of the company’s remaining holdings in Alibaba Group into a newly formed independent registered investment company (“SpinCo”). The stock of the new company will be distributed pro rata to Yahoo shareholders, resulting in SpinCo becoming a separate publicly traded company. Following the spin-off, Yahoo will continue to operate its core business and hold…

Loeb Criticizes Yahoo! CEO Credentials

Board of DirectorsYahoo! Inc.701 First AvenueSunnyvale, CA 94089Dear Board of Directors: Yahoo!’s initial response yesterday to Third Point’s identification of material inaccuracies in both CEO Scott Thompson’s and Director Patti Hart’s educational record was insulting to shareholders. We assume that these initial statements were attributable to Mr. Thompson and were not made with the Board’s…

Dan Loeb Sends Another Letter to Yahoo! BoD

December 13, 2011Board of DirectorsYahoo! Inc. Attention: Mr. Roy Bostock, Chairman Dear Directors:Third Point LLC, as the beneficial owner of 5.2% of Yahoo! Inc.’s outstanding shares, remains extremely troubled by news reports regarding the dysfunction and inequity being exhibited in the process of maximizing stockholder value that the Board is allegedly “managing”. We are disturbed but…

Loeb’s Follow up Letter to Yahoo!

  THIRD POINT LLC LETTER TO YAHOO! INC. BOARD OF DIRECTORS NEW YORK, NEW YORK, NOVEMBER 4, 2011 – Third Point Requests Two Yahoo Board Seats, Demands Yang’s Resignation from Board, and Opposes Reported Negotiations for “Sweetheart” Deal with Private Equity Firms About Third Point LLC:  Third Point is an investment firm headquartered in New York,…

De-Constructing Yahoo!

(Is it just me or do you not find it bizzare behaviour by Mr. Ma, going around telling the world how much he would like to buy Yahoo! whole .. ; See earlier alert on YHOO on a filing by Dan Loeb.) Source: Reuters; Goldman, Allen & Co prepare financial information * Bidders have proposed different…

Loeb Sends YHOO Letter

Board of Directors Yahoo! Inc. 701 First Avenue Sunnyvale, CA 94089 Attention: Mr. Roy Bostock, Chairman Dear Ladies and Gentlemen: Third Point LLC (“Third Point”) is a registered investment adviser with approximately $8 billion under management.  We are writing to inform you that certain investment funds we manage have acquired a 5.1% interest in Yahoo!…

Yahoo! Updates on Spinoff

See earlier post dated 4/26/11. (Source: Forbes) Yahoo this afternoon announced plans to spin of its open source Apache Hadoop technology into a new company called Hortonworks. Hortonworks will be funded by Yahoo and venture capital firm Benchmark Capital. Financial details on the spin were not disclosed. The company said the formation of Hortonworks “increases investment in…

Yahoo! Considering Spinoff

(Yahoo has a market cap of $22.6 billion and an EV of $19.6 billion…but that calculation apparently includes certain under-valued assets.  Read a recent write-up from VIC below.) Source: paidcontent.org: Yahoo is considering spinning off its Hadoop engineering unit into a standalone entity that would continue to develop the open source Java-based software and generate fees…

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