Does Yahoo CEO Marissa Mayer Want To Buy Cable Channels?

[Marissa Mayer]’s interest in cable is perplexing: Investors are losing patience with the CEO’s efforts to reinvigorate the company — and probably would howl at a huge deal to buy a traditional media company. (Yahoo’s stock is down 1.6% this morning.) Its 15% stake in Alibaba “is currently worth more than the entire enterprise value of Yahoo,” Starboard Value’s Jeffrey Smith told Mayer in September in a letter calling for a merger with AOL. “When adding [a 35.5% stake in] Yahoo Japan, these two minority equity interests are worth approximately $11 billion, or $11 per share more than the current enterprise value of the Company.” – David Lieberman,Deadline Hollywood
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