Yahoo! Chief Marissa Mayer May Scrap $4.2bn Shareholder Payout

By: The Telegraph

The unexpected twist disclosed in regulatory documents filed late on Thursday after the stock market closed caused Yahoo! shares to drop more than 3pc in extended trading.

Mayer is mulling a shift in direction as part of a sweeping review that she is conducting in an attempt to revive Yahoo!’s revenue growth, spur more product innovation and boost the company’s stock price. Those goals have eluded her recent predecessors.

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