Key Yahoo Investor Sells Back Shares, Steps Down From Board
Yahoo to buy back 40M shares from key investor (USA Today) Yahoo has reached a deal with key shareholder Third Point to buy back 40 million shares of the company's common stock, as it continues its push toward a turnaround.
Yahoo to buy back 40M shares from key investor (USA Today)
Yahoo has reached a deal with key shareholder Third Point to buy back 40 million shares of the company’s common stock, as it continues its push toward a turnaround. Bloomberg Yahoo will repurchase 40 million shares at $29.11 apiece, leaving Third Point with about 20 million shares, or less than a 2 percent stake, the Sunnyvale, California-based company said today in a statement. Wall Street Journal Daniel Loeb is effectively signaling his job at Yahoo Inc. is
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