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Under growth pressure, Yahoo’s Mayer searches for revenue chief

Yahoo! President and CEO Marissa Mayer
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Yahoo! President and CEO Marissa Mayer

According to sources close to the situation, Yahoo CEO Marissa Mayer is in the later stages of hiring a chief revenue officer, in an effort aimed at boosting sales at the Silicon Valley Internet giant.

It's a good idea since the company — despite a run-up in its stock due to a 24 percent stake in China's Alibaba — has seen its core business continue to decline under Mayer's leadership over the last two years.

Sources said Yahoo has made an offer to a well-known advertising exec, but that that deal was not consummated as yet.

Read the rest at Re/code.

By Kara Swisher, Re/code.net.

CNBC's parent NBC Universal is an investor in Re/code's parent Revere Digital, and the companies have a content-sharing arrangement.

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