Jeff Smith, CEO of activist fund Starboard Value, shared his views on activism and Altaba in an interview Thursday on CNBC's "Squawk on the Street."
On activism and Starboard: "We look at companies that we believe can be improved operationally. ... We don't go into situations with the primary purpose of getting a company sold or just to do buybacks," he said. "We get excited when we see companies that aren't performing where we truly believe that they can be turned around and improved."
On what shareholders can expect of Yahoo when it becomes
On the impact of taxes for
Yahoo's core business is being sold to Verizon for $4.48 billion. The Asian assets of Yahoo are not included in the deal and will continue on in a separate company named
Smith founded Starboard Value in 2011. He began his career at Societe Generale in the mergers and acquisitions department.
He also discusses:
- Marvell Technologies.
To watch the broadcast interview in its entirety, you must be a CNBC PRO subscriber.