Starboard Value LP : Franchise Herald

Starboard Value LP

Starboard Value LP

Starboard Tells Yahoo to Drop its Plan to Spinoff Alibaba, Sell its Core Business Instead

Starboard Value LP is urging Yahoo! Inc. to drop its plan to spin off Aabaco Holdings, Inc., which contains the company’s non-core business assets, including Yahoo’s stake in Alibaba Group, according to Starboard’s letter sent to Yahoo. The activist investor is suggesting that Yahoo should instead be looking to sell its core business.

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