States That the Tax-Free Spin-Off of Yahoo's Alibaba Stake Is a Good First Step, But Not Enough to Solve Yahoo's Current Valuation Discrepancy
Continues to Believe That There Are Other Opportunities Within the Company's Control to Create Significant Value for Yahoo Shareholders
Believes That Implementing the Following Recommended Steps Can Unlock $11.1 Billion of Shareholder Value, or approximately $11.70 per Share
- Right-Sizing the Company's Bloated Cost Structure
- Exploring Opportunities to Monetize Yahoo's Intellectual Property and Real Estate Assets
- Separating Yahoo! Japan Stake in a Tax-Efficient Manner
- Returning $3.5-$4.0 Billion of Excess Cash to Shareholders through Share Repurchases
NEW YORK, March 9, 2015 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), a significant shareholder of Yahoo, today announced it has delivered a letter...
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