Deals
Yahoo’s Mayer Facing More Scrutiny After AOL Proposal
This article is for subscribers only.
Yahoo! Inc. Chief Executive Officer Marissa Mayer is facing more pressure to sell the company or change how it manages cash, following a call from Starboard Value LP for Yahoo to merge with AOL Inc.
Alternative Investment Management & Research SA, a Geneva-based investment advisory firm, sent a letter yesterday to Mayer and Masayoshi Son, Chairman of Japan’s SoftBank Corp., proposing a merger between Yahoo and SoftBank. A Needham & Co. analyst raised her rating on Yahoo shares to a buy, saying that shareholder pressure will “add urgency” to Mayer’s turnaround effort and drive better allocation of the company’s cash.