Activist investor Starboard Value wants Yahoo to slim down and merge with rival AOL, all without paying a $16 billion tax bill.» Read More
SAN FRANCISCO— Yahoo CEO Marissa Mayer is getting some unsolicited advice on how to turn around the long-struggling Internet company, just like some of her predecessors who tangled with investors dissatisfied with management's performance.
NEW YORK, Sept 26- Shares of both Yahoo Inc and AOL Inc jumped in afternoon trading on Friday, turning sharply higher after Starboard Value LP urged a strategic combination of the companies.
Sept 26- Activist investor Starboard Value LP said Yahoo Inc should consider a strategic combination with AOL Inc to save more than $1 billion in costs. Starboard also urged Yahoo to cut expenses and look for ways to generate value for shareholders from its stakes in Alibaba Group Holding Ltd and Yahoo Japan Corp..
Starboard has sent a letter to Yahoo pressuring the company to explore a strategic combination with AOL. CNBC's Brian Sullivan and the FMHR traders discuss.
Starboard Value sent a letter to Yahoo on Friday listing several opportunities to increase shareholder value and recommending that it merge with AOL.
Starboard has upped its pressure on Yahoo to explore a strategic combination with AOL. CNBC's Brian Sullivan reports the details.
eBay rose$. 25 or. 5 percent, to $52.40. Groupon Inc. rose$. 07 or 1.0 percent, to $6.65. LinkedIn Corp. rose $8.77 or 4.3 percent, to $214.81.
NEW YORK— Good economic and corporate news helped the stock market stage a rebound at the end of a turbulent week of trading. Nike jumped after turning in higher profits, leading the Dow Jones industrial average higher.
eBay fell$. 78 or 1.5 percent, to $52.15. Groupon Inc. fell$. 10 or 1.5 percent, to $6.58. LinkedIn Corp. fell $5.59 or 2.6 percent, to $206.04.
eBay fell$. 74 or 1.4 percent, to $52.19. Groupon Inc. fell$. 15 or 2.2 percent, to $6.53. LinkedIn Corp. fell $3.89 or 1.8 percent, to $207.74.
Apple Inc. fell 3.8 percent to $97.87 with 97,707,200 shares traded. BlackBerry Ltd. fell 6.8 percent to $9.80 with 30,213,600 shares traded. Cisco Systems Inc. fell 1.8 percent to $24.54 with 26,636,700 shares traded.
Mark Mahaney, RBC internet analyst, provides his thoughts on Yahoo's slide and explains why Facebook is his top Internet pick. And Stephanie Link, says she is looking at Allibaba.
eBay fell$. 31 or. 6 percent, to $52.62. Groupon Inc. fell$. 15 or 2.2 percent, to $6.53. LinkedIn Corp. fell $3.29 or 1.6 percent, to $208.34.
CNBC's Kayla Tausche reports Yahoo said in a filing it has entered a one year lock up agreement restricting the sale of its remaining stake in Alibaba. Henry Blodget, Business Insider editor-in-chief & CEO, provides insight.
Yahoo's move to extend its hold on its Alibaba stake was no help to the search giant's stock, which dropped nearly 2 percent in early trading Thursday.
eBay rose$. 19 or. 4 percent, to $52.93. Groupon Inc. fell$. 02 or. 3 percent, to $6.68. LinkedIn Corp. rose $5.42 or 2.6 percent, to $211.63.
eBay rose$. 11 or. 2 percent, to $52.85. Groupon Inc. fell$. 01 or. 1 percent, to $6.70. LinkedIn Corp. rose $3.93 or 1.9 percent, to $210.14.
Apple Inc. fell. 9 percent to $101.75 with 55,994,400 shares traded. BlackBerry Ltd. fell. 5 percent to $10.51 with 27,867,500 shares traded. Cisco Systems Inc. rose 1.1 percent to $24.98 with 18,730,200 shares traded.
Start-ups like URX, Deeplink and Branch Metrics are going after Google with technology called deep linking.
eBay rose$. 21 or. 4 percent, to $52.95. Groupon Inc. fell$. 02 or. 3 percent, to $6.68. LinkedIn Corp. rose $2.90 or 1.4 percent, to $209.11.