Activist investor Starboard Value LP applied more pressure on Yahoo! (YHOO), pushing for a spinoff of its Japanese investment after the Web portal agreed this year to exit its position in Alibaba Group Holding Ltd. In a letter Monday to Yahoo Chief Executive Officer Marissa Mayer, Starboard said the Internet company could unlock $11.1 billion, or $11.70 a share, of stockholder value, in part with a tax-efficient spinoff of its stake in Yahoo Japan Corp. Source
Activist Target
