Monday December 21, 2015

The End Of Yahoo?

With things looking so bad for Yahoo lately, you have to really wonder how much longer Marissa Mayer is going to be around. Does anyone still think she can turn things around?

On Feb. 26, a 30-day window opens for nominations for company directors to be elected at the annual meeting in May. If management has not capitulated by then and agreed to sell the house and contents to the highest bidders, then the activist investor, Starboard Value, alone or in concert with the other hedge funds that have circled the company, will launch a proxy fight that is expected to erase Yahoo’s present board and senior management. And, in due course, there will be no more Yahoo.

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