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Yahoo Spends Over $1 Billion To Buy Back Shares

Yahoo Spends Over $1 Billion To Buy Back Shares

By Chris Crum July 22, 2013

Yahoo announced today that it is repurchasing 40 million shares of Yahoo common stock held by Third Point LLC at $29.11 per share, which is the closing price from Friday. That puts the deal at about $1.164 billion. Following the …

Scott Thompson Leaves Yahoo After Cancer Diagnosis Scott Thompson Leaves Yahoo After Cancer Diagnosis

Some of us may have had our doubts about Scott Thompson’s claim that he had nothing to do with the perpetuated myth about him having a computer science degree, but regardless he has agreed to step down from his position …

Yahoo Elects New Leadership as Thompson Steps Down Yahoo Elects New Leadership as Thompson Steps Down
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As I reported earlier today, Scott Thompson has decided to step down at Yahoo as CEO citing recently discovered health problems as the main reason. Some may say it comes at very convenient time as he was actively trying to …

Yahoo CEO Resigns and Third Point Wins Proxy Battle Yahoo CEO Resigns and Third Point Wins Proxy Battle
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Last week was a tough one at Yahoo. It started early in the week with CEO Scott Thompson trying to sidestep direct accusations that he purposefully introduced false academic credentials that showed he held a computer science degree. Claiming that …

Yahoo! CEO Never Actually Gave Out False Credentials Yahoo! CEO Never Actually Gave Out False Credentials
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The newest development in the Yahoo fake credentials debacle has surfaced and it has to do with how the fake credentials made their way into CEO Thompson’s biography. The first thing is that Thompson claims he never actually provided a …

Scott Thompson is Sorry About the Disruption Scott Thompson is Sorry About the Disruption
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I am sure by now you have heard that the proxy battle between the Yahoo board of directors and activist shareholder Dan Loeb and his firm Third Point has gotten a little ugly for the leadership over at Yahoo. Essentially …

Yahoos Still Stirring About Thompson's False Bio Yahoos Still Stirring About Thompson's False Bio
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Looking back to last week you’ll probably remember that shareholder activist, Dan Loeb and his investment firm Third Point was stirring the pot big time over at Yahoo. In fact, Loeb is darn right pissed off about the professional path …

Yahoo’s Scott Thompson Accused of False Credentials Yahoo’s Scott Thompson Accused of False Credentials
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As the proxy battle between the Yahoo board of directors and activist shareholder Dan Loeb heats up, new information has come to light that CEO Scott Thompson has some fraudulent credentials. Of course the so called oversight was brought to …

Yahoo! Names New Board Members: Proxy Battle! Yahoo! Names New Board Members: Proxy Battle!

Large shareholder have been unhappy with Yahoo! since it failed to close a deal with Microsoft back in 2008. The deal would have joined Yahoo! and Microsoft and, as many believe, made the brand much more valuable. Yahoo! is currently …

Yahoo Seeks to Hire New Board Members Yahoo Seeks to Hire New Board Members

The leadership at Yahoo thinks it can ward off a challenge from activist shareholder Daniel Loeb of Third Point, by aggressively courting three new board members to replace the five that are leaving. The internet giant has already filled two …