The Alibaba IPO dominoes are falling — and Yahoo and AOL may be next in line.
A week after Yahoo YHOO +4.39%
shares plummeted when the company’s stake in China’s ecommerce
powerhouse didn’t pan out as high as some expected, the web portal is
back up on Friday after activist investor Starboard Value urged Yahoo
CEO Marissa Mayer and the board to talk with rival and oft-cited potential merger partner AOL AOL +3.68%.
Starboard “believes a combination between Yahoo’s Core Search and
Display Businesses and AOL Could Result in up to $1 Billion of
Synergies While Also Potentially Facilitating the Realization of Value
from Yahoo’s Non-Core Equity Stakes.” Here are the four opportunities
Starboard wants Mayer to pursue: read more
0 comments:
Post a Comment