Wednesday April 24, 2024 | Last Update: April 24, 2024 EDT
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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Marcelo Claure, the CEO of Sprint Corp., has just revealed his “One Sprint” business strategy in a weekly newsletter to employees, according to a report from the Kansas City Business Journal.
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