Starboard Value targets entire Yahoo board

REUTERS: Activist shareholder Starboard Value aims to revamp Yahoo’s board.

Share this article!

Activist hedge fund Starboard Value LP moved on Thursday to overthrow the entire board of Yahoo Inc (YHOO.O), including Chief Executive Marissa Mayer, who has struggled to turn around the company in her nearly four years at the helm.

Starboard, which has been pushing for changes at Yahoo since 2014 and owns about 1.7 percent of the company, said it would nominate nine candidates for the board.

Read the full story here.