Friday, August 10, 2012
By Alexei Oreskovic
SAN FRANCISCO |
Fri Aug 10, 2012 12:22pm EDT
SAN FRANCISCO (Reuters) - Yahoo Inc board member and activist hedge fund manager Dan Loeb was supportive of the decision to allow Chief Executive Marissa Mayer to re-evaluate plans for the cash it gets for selling a portion of its Alibaba Group stake, according to a source familiar with the board's thinking.
Yahoo said on Thursday it might rethink its previously announced plans to return the cash of the multibillion dollar deal to shareholders.(Reporting By Alexei Oreskovic; editing by Jeffrey Benkoe)
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