Reuters
Technology
Exclusive: Loeb backs Yahoo's Alibaba cash move - source
Fri, Aug 10 13:20 PM EDT

By Alexei Oreskovic

SAN FRANCISCO (Reuters) - Yahoo Inc board member and activist hedge fund manager Dan Loeb was supportive of the decision allowing 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.


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