Yahoo-hoz:
Yahoo to announce turnaround plan tomorrow • 2:29 AM
Yoel Minkoff, SA News Editor
Yahoo (NASDAQ:YHOO) is expected to outline cost-cutting efforts and give details of how it is evaluating possible acquisitions tomorrow, as the company faces pressure from activist investor Starboard Value.
The struggling Internet business is considering buying one or more large technology start-ups with some of the $5.8B it made off of Alibaba's IPO.
Acquisitions could trigger significant new streams of revenue at Yahoo, where sales have declined in four out of the past five quarters.
http://online.wsj.com/articles/yahoo-ceo-set-to-refresh-turnaround-plan-1413760289
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