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Yahoo! Inc (YHOO.O)

YHOO.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

Verizon CEO says Yahoo deal expected to close around mid-June- JPM conference
Monday, 22 May 2017 02:00pm EDT 

May 22 (Reuters) - Verizon Communications Inc ::Verizon CEO Lowell McAdam at JPM conference- building fiber infrastructure better than the alternative of buying spectrum.Verizon CEO Lowell McAdam at JPM conference- yahoo acquisition expected to close around mid-June.  Full Article

Yahoo announces commencement of tender offer to purchase up to $3 bln shares
Tuesday, 16 May 2017 06:00am EDT 

May 16 (Reuters) - Yahoo! Inc :Yahoo announces commencement of tender offer to purchase up to $3.0 billion of its common stock.Yahoo - to purchase for cash up to $3 billion shares at prices equal to "Alibaba vwap" multiplied by multiples specified by tendering stockholders between 0.370 to 0.420.Yahoo - tender offer will expire on June 13, 2017 at 11:59 p.m., New York City time.Yahoo - purpose of tender offer is to provide liquidity to a potentially significant number of stockholders that will be forced to sell their shares.  Full Article

Jana Partners ups sole share stake in Yahoo Inc
Monday, 15 May 2017 05:55pm EDT 

May 15 (Reuters) - Jana Partners LLC::Jana Partners takes sole share stake of 4.4 million shares in Hewlett Packard Enterprise Co.Jana Partners ups share stake in Yahoo Inc by 25.6 percent to 2.5 million shares - SEC filing.Jana Partners holdings cited is Jana Partners' sole share stake in the respective companies.Jana Partners - change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec 31, 2016.  Full Article

Appaloosa LP takes share stake in Snap Inc and GM, ups share stake in Yahoo
Friday, 12 May 2017 04:30pm EDT 

May 12 (Reuters) - Appaloosa LP::Appaloosa LP takes share stake of 100,000 class A shares in Snap Inc - SEC filing.Appaloosa LP takes share stake of 534,327 shares in AK Steel Holding Corp.Appaloosa LP ups share stake in Yahoo Inc by 63.0 percent to 2.2 million shares.Appaloosa LP ups share stake in Kinder Morgan Inc by 29.7 percent to 5.3 million shares.Appaloosa LP cuts share stake in Mylan NV by 42.0 percent to 1.9 million shares.Appaloosa LP takes share stake of 5.2 million shares in GM.Appaloosa LP - change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec 31, 2016.  Full Article

Time Inc appoints John Fahey as non-executive chairman
Wednesday, 10 May 2017 06:00am EDT 

May 10 (Reuters) - Time Inc :John Fahey appointed non-executive chairman of Time Inc; Dan Rosensweig nominated to board of directors.Time-Dan Rosensweig, president & CEO of online learning platform Chegg & Former chief operating officer at Yahoo, nominated to board.Time Inc - executive chairman Joseph Ripp and director Sir Howard Stringer will be retiring from board.  Full Article

Yahoo reports a stake of 2.3 mln shares in Snap Inc
Monday, 24 Apr 2017 11:58am EDT 

April 24 (Reuters) - Yahoo Inc :Yahoo reports a stake of 2.3 million shares in Snap Inc's series e preferred shares, as of Dec 31, 2016 - SEC filing.  Full Article

Yahoo reports Q1 earnings per share $0.10
Tuesday, 18 Apr 2017 04:05pm EDT 

April 18 (Reuters) - Yahoo! Inc -:Yahoo reports first quarter 2017 results.Yahoo - company anticipates verizon deal closing to occur in june 2017.Yahoo - qtrly non-gaap earnings per share $0.18.Yahoo qtrly number of paid clicks decreased 12 percent compared to Q1 of 2016.Yahoo qtrly price-per-click increased 10 percent compared to q1 of 2016.Yahoo qtrly number of ads sold increased 2 percent compared to q1 of 2016.Yahoo qtrly price-per-ad remained same as q1 of 2016.Yahoo - qtrly earnings per share $0.10.Yahoo - qtrly gaap revenue $1,327 million versus $1,087 million.Yahoo - for q1 of 2017, change in revenue presentation contributed $304 million to each of gaap revenue and cost of revenue - tac.Q1 earnings per share view $0.14, revenue view $1.23 billion -- Thomson Reuters I/B/E/S.Yahoo - qtrly cost of revenue -tac $494 million versus $228 million.Yahoo - incurred security incidents costs of $11.3 million in q1.  Full Article

Yahoo says Marissa Mayer will continue to be CEO prior closing of transaction with Verizon
Monday, 13 Mar 2017 06:07am EDT 

Yahoo! Inc : Upon closing of sale transaction with Verizon, Alexi Wellman will serve as chief financial and accounting officer for Altaba Inc . Yahoo says on march 10, 2017, appointed Arthur Chong to serve as general counsel and secretary of Yahoo . Marissa Mayer and Kenneth Goldman will continue to be ceo and cfo, respectively, of company prior to closing of transaction with Verizon .Board determined that, upon closing of sale transaction with verizon, Thomas J. Mcinerney will serve as ceo for Altaba Inc.  Full Article

Yahoo CFO Ken Goldman joins Zerto board of directors
Thursday, 9 Mar 2017 09:00am EST 

Zerto Inc: Yahoo! CFO Ken Goldman joins Zerto board of directors .Zerto - Appointment of Ken Goldman , chief financial officer at Yahoo, to its board of directors.  Full Article

Yahoo CEO to forgo annual equity award in 2017
Wednesday, 1 Mar 2017 05:41pm EST 

Yahoo Inc : Outside forensic experts have identified about 32 million user accounts for which they believe forged cookies were used or taken in 2015 and 2016 . Says it believes that some of this activity is connected to the same state-sponsored actor believed to be responsible for 2014 security incident . Forged cookies have been invalidated by the company so they cannot be used to access user accounts . In response to independent committee’s findings related to 2014 security incident, board determined not to award to the CEO a cash bonus for 2016 . CEO offered to forgo any 2017 annual equity award given that 2014 security incident occurred during her tenure and board accepted her offer . Recorded expenses of $16 million related to the security incidents in the year ended Dec 31, 2016 . On March 1, 2017, Ronald S. Bell resigned as the company’s General Counsel and Secretary and from all other positions with the company . Board directed company to implement or enhance number of corrective actions, including revision of technical and legal information security incident response protocols . Expect capital expenditures in 2017 to be slightly higher than the amount reported in 2016 excluding land sale proceeds . Expect capital expenditures in 2017 will be funded by cash flows from operating activities.  Full Article

More From Around the Web

BRIEF-Verizon CEO says Yahoo deal expected to close around mid-June- JPM conference

* Verizon CEO Lowell McAdam at JPM conference- building fiber infrastructure better than the alternative of buying spectrum