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Yahoo may alter cashback plans under new boss Mayer

Category: Business

Published: 9th Aug 2012 22:06:38

Technology firm Yahoo has signalled it may alter plans to return money to shareholders under new chief executive Marissa Mayer.

Ms Mayer is currently engaging in a strategic review of the company's business.

The firm said this review "may lead to a re-evaluation of, or changes to, our current plans, including our restructuring plan".

She recently joined Yahoo as a surprise hire from rival Google.

Yahoo had - under previous chief executives - promised to return cash to shareholders from a recent deal.

In May, Yahoo reached a deal with Alibaba Group to sell half of its 40% stake in China's biggest internet company for $7.1bn (£4.5bn).

Ms Mayer, 37, is the firm's third chief executive in the space of a year.

Yahoo has struggled in the face of increased competition from internet search rivals including Google, and the emergence of social giants such as Facebook.

While Yahoo still has a market capitalisation of $19bn, Google is valued at more than $180bn.

Source:
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BBC News, 2012. Yahoo may alter cashback plans under new boss Mayer [Online] (Updated 9th Aug 2012)
Available at: http://www.ukwirednews.com/news/1445456/Yahoo-may-alter-cashback-plans-under-new-boss-Mayer [Accessed 18th Apr 2014]

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