Yahoo's Marissa Meyer sought to end the search ad agreement with Microsoft and opt for Google's very own.
Tags: Yahoo Inc.
Third Point to sell 40 million shares back to Yahoo Inc
Activist hedge fund Third Point LLC decided to sell back 40 million worth of shares to Yahoo Inc. On Monday, Third Point LLC, an activist hedge fund, agreed to sell 40 million worth of shares in Yahoo back to the internet company.
Yahoo's buyback nets US$655 million for Third Point
Yahoo has purchased 40 million shares owned by Third Point at US$29.11 per share. Third Point LLC, the firm headed by Dan Loeb, was at the forefront in the change of Yahoo's board a couple of years back.
Yahoo! buys back stock from Third Point
Yahoo! entered into an agreement with Third Point to buy back 40 million worth of shares. Yahoo! Inc. announced that they have entered into an agreement to repurchase 40 million worth shares of owned by Third Point LLC (Third Point).
Yahoo Hedges on Tumblr for Success
Yahoo hedges on the audience base of Tumblr to push Yahoo out of the doldrums. Yahoo! Inc CEO Marissa Mayer is betting the future of the largest US web portal on the success of its acquisition of a six-year old start up firm with little revenue generation systems and a relaxed policy on content created by its users.
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