Deals
Yahoo CFO Aims to End Buy-High, Sell-Low Track Record
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Yahoo! Inc. Chief Financial Officer Tim Morse, aiming to boost profitability while adding Internet content and services, says he plans to reverse the company’s pattern of overpaying for acquisitions.
“You’ve seen our track record on M&A, with buying really high and selling pretty low,” Morse said in an interview. “We’ve got to be careful.”