Activist shareholder Starboard Value sent a strongly-worded letter to Yahoo! Inc. this week, criticizing M&A rumors and tax strategies for the company’s stake in Chinese online commerce giant Alibaba. According to The Deal’s Chris Nolter, CEO Marissa Mayer has only been at the helm for 2.5 years, but Smith is already getting impatient. In the letter, he wrote, ‘Should you instead choose to proceed down a different path by pursuing large acquisitions and/or a cash-rich split, both of which have been speculated, such actions would be a clear indication to us that significant leadership change is required at Yahoo!’ The Deal’s senior reporter Lisa Allen has the details from New York.
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