Yahoo's Board Screws Up Again?
By Jonathan Chen
Yahoo's (YHOO) board may have screwed up again. After rumors surfaced last week that the company was thinking about launching a share buyback and dividend to appease investors, as opposed to selling the company, Wall Street started to punish the stock. Benzinga spoke to Yahoo about the rumors, and the spokesperson said, "Yahoo does not comment on rumors or speculation." Tuesday morning, Wall Street sent the stock down 10%, as it appears the board of directors screwed up again. Instead of selling the company, the Sunnyvale-based company announced it was buying interCLICK (ICLK) for $9 per share. There are rumors out of Yahoo that the company may sell its Asian assets, Yahoo Japan and its 39% stake in Alibaba (ALBCF.PK), as opposed to going private. If this is true, then the Yahoo board of directors, as noted first by Third Point's Dan Loeb, is a bunch ofComplete Story »