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Yahoo Investor Canyon Capital Says One Year Is Too Long to Wait

A week after laying out a new strategic plan, Yahoo! Inc. is facing additional pressure from investors who are running out of patience to see results.

Yahoo needs to act now and prioritize selling off some assets, the core operations or the whole business, Canyon Capital Advisors, which owns about 10 million shares in the beleaguered company, wrote to the board in a letter dated Friday.