Yahoo director Loeb backs Alibaba cash move: Source
Reuters | Updated On: August 10, 2012 22:23 (IST)
Bangkok: Yahoo Inc board member and activist hedge fund manager Dan Loeb was supportive of the decision to allow Chief Executive Marissa Mayer to re-evaluate plans for the cash it gets for selling a portion of its Alibaba Group stake, according to a source familiar with the board's thinking.
Yahoo said on Thursday it might rethink its previously announced plans to return the cash of the multibillion dollar deal to shareholders.
Copyright @Thomson Reuters 2012
|For Profit Update,