Tag: keynote
-
Yahoo results edge past estimates in good sign for sale of business
By Deborah M. Todd San Francisco (Reuters) – Yahoo Inc's first-quarter results beat Wall Street estimates by a hair on Tuesday in what was taken as a good sign for the web pioneer's plan to auction its core business. Under pressure from activist shareholder Starboard Value LP and others, Yahoo has ramped up a sale…
-
Yahoo launches auction process as Starboard gears up for fight
Yahoo shares jumped after the company announced its board has formed a committee of independent directors to explore strategic alternatives, and that it has hired investment banks and a law firm to run the process. The launch of the auction process, a move activist hedge fund Starboard Value and other shareholders have pushed since late…