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CFOs On the Move: Week Ending March 24
Ally Financial, NFL, Papa Johns, Overair, LastPass, Curbio, Hinge Health, Momnt, Sealed Air, Infobip
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Lauren Muskett
| March 24, 2023
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CFOs On the Move: Week Ending March 24
Ally Financial, NFL, Papa Johns, Overair, LastPass, Curbio, Hinge Health, Momnt, Sealed Air, Infobip
By
Lauren Muskett
| March 24, 2023
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Marissa Mayer
Mergers & Acquisitions
Yahoo: The End of an Internet Giant
The assets left over after the the Verizon Communications purchase are now part of a holding company called ‘Altaba.’
By
William Sprouse
| June 19, 2017
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People
Yahoo Names Leaders of Post-Sale Company
Thomas McInerney will serve as CEO of the new Altaba company while Alexi Wellman will be its finance chief.
By
Matthew Heller
| March 13, 2017
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Strategy
Verizon Gets $350M Discount on Yahoo Deal
The revised sale reflects the diminished value of Yahoo's core business in the wake of two massive security breaches.
By
Matthew Heller
| February 21, 2017
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Risk & Compliance
Yahoo to Become ‘Altaba’ After Verizon Deal
The new name reflects Yahoo's transformation from an internet giant to "essentially a vehicle" for holding a 15% stake in Alibaba.
By
Matthew Heller
| January 10, 2017
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Technology
Yahoo Reaches Board Deal With Activist Fund
Starboard Value CEO Jeffrey Smith gets a board seat in a move that may pave the way for a sale of Yahoo's core business.
By
Katie Kuehner-Hebert
| April 27, 2016
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Technology
Yahoo Says Sale of Core Assets a ‘Top Priority’
The company posted a first-quarter loss but CEO Marissa Mayer said it had made "substantial progress towards potential strategic alternatives."
By
Katie Kuehner-Hebert
| April 20, 2016
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Risk
Yahoo, Activist May be Heading for Proxy Fight
The ailing internet company's board adds some financial muscle with the appointment of two new directors.
By
Matthew Heller
| March 11, 2016
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Technology
Yahoo Explores ‘Strategic Alternatives’
Yahoo's board of directors forms a strategic review committee to reach out to 'strategic and financial partners.'
By
Katie Kuehner-Hebert
| February 19, 2016
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Turnarounds
Activist Urges Management Shakeup at Yahoo
Starboard Value hints at making a bid to oust the Yahoo board if it is "unwilling to accept the need for significant change."
By
Katie Kuehner-Hebert
| January 6, 2016
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Tax
Spinoff, Interrupted: Yahoo Dealt Setback by IRS
IRS declares its dislike for spinoffs that are largely investment vehicles, suggesting Yahoo's Alibaba transaction would not gain tax-free status.
By
Katie Kuehner-Hebert
| September 15, 2015
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Tax
IRS Puts Cloud Over Yahoo’s Alibaba Spinoff
The company may have to choose between scrapping the spinoff or risking a huge capital gains tax bill.
By
Katie Kuehner-Hebert
| September 9, 2015
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People
Apple Exec Is Top-Paid Woman
Apple's senior vice president of retail Angela Ahrendts earned $82.6 million in 2014, ahead of former Oracle CFO Safra Katz.
By
Katie Kuehner-Hebert
| May 5, 2015
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Global Business
Yahoo Shutting Down Only Office in China
Since October, Yahoo has cut between 700 and 900 employees in locations including Bangalore, India, and Canada as part of Marissa Mayer's cost cuts.
By
Matthew Heller
| March 19, 2015
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M&A
Activist Investor to Yahoo: No Big Deals
Starboard Value threatens Yahoo chief Marissa Mayer over speculation on what the company will do with its Alibaba stake.
By
Matthew Heller
| January 9, 2015
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Strategy
What Will Yahoo Do Now?
An early backer of Alibaba, Yahoo could make as much as $9 billion before taxes from selling shares. But what will CEO Marrisa Mayer do with the cash?
By
Iris Dorbian
| September 19, 2014
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