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…
Yahoo Ready to Find Replacement CEO
Yahoo is ready to start searching for a new CEO. As you may recall, Scott Thompson resigned after a rather lengthy proxy battle with activist investor Dan Loeb a his investment firm, Third Point. The surprising climax of that battle…
Scott Thompson Steps Down From F5 and Splunk Inc.
Scott Thompson’s not so subtle departure from Yahoo left some wondering if he in fact, does have health problems or just fabricated a clever excuse to sidestep allegations that he intentionally perpetuated the myth that he held a bachelors degree…
Yahoo and Alibaba Make Stock Deal Official
Remember the $7 billion deal we were talking about on Friday with Yahoo and Chinese-based Alibaba? Well, they are making it official. Yahoo has agreed to sell off its shares of the Alibaba empire. A majority will be purchased back…
Thompson Leaves Yahoo with No Severance but Makes Millions
As you may recall, Yahoo and CEO Scott Thompson have agreed to part ways as of yesterday. Thompson, who found himself locked in a battle with activist Yahoo investor Dan Loeb and his venture capital firm Third Point, was accused…
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
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
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
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
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…