Yahoo Reaches Agreement With Starboard, Averting Proxy War

Updated on
  • Settlement also could facilitate a sale of core business
  • Starboard has had 10 other activist campaings since 2014

Yahoo! Inc. scored a narrow victory against activist investor Starboard Value LP, averting a proxy war that threatened its board and Chief Executive Officer Marissa Mayer, and letting management retain some sway in deciding the company’s fate.

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