By Lauren Pollock
Activist investor Starboard Value LP said it has taken a significant stake in Yahoo Inc. and pushed the Internet pioneer to explore a possible combination with AOL Inc.
Starboard, which says it has a significant stake in the company, said a potential tie-up of Yahoo's core search and display businesses with AOL could improve Yahoo's competitive position and deliver cost synergies of up to $1 billion.
Sportswear (OTCBB: SMAK), the leading brand of custom designed
athletic apparel (primarily focused on volleyball), today announced the
appointment of Christopher Jenks as the Chairman of the Board, as well
as the resignation of Smack CEO Bill Sigler.
New role is added responsibility for vice president of newspaper operations, whose Scripps career has spanned 33 years Twitter post: Additional role for Steve Smith, VP of newspaper operations for @EWScrippsCo - now also the publisher for @ReddingNewsFeed in California.
Shares of Yahoo (YHOO) climbed more than 3% Friday after activist investor Starboard increased its ownership stake in the tech company and issued an open letter to Yahoo calling for a "strategic combination" with AOL (AOL) . Starboard, which has also been in a public dispute recently with Darden Restaurants (DRI) , claims that a deal between Yahoo and AOL would deliver cost synergies of up to $1 billion by reducing cost overlaps in their display advertising business.
Independent. Insightful. Trusted. Morningstar provides stock market analysis; equity, mutual fund, and ETF research, ratings, and picks; portfolio tools; and option, hedge fund, IRA, 401k, and 529 plan research. Our reliable data and analysis can help both experienced enthusiasts and newcomers.