“In addition to our efforts to increase value and diminish uncertainty for investors, the ultimate separation of our Alibaba stake will be important to our continued business transformation”, said Marissa Mayer, CEO of Yahoo.
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In September, the working mom revealed she was expecting not one, but two baby girls – much to her surprise. “Our whole family is great!” said Mayer on Twitter.
As with her son, Mayer is expected to take a short leave with her daughters before returning to work.
This is similar to what Mayer did when her son was born in 2012, shortly after she took over the top job at Yahoo. At the same time, I’m blessed to have experienced some of my most extraordinary and proudest personal moments while being Yahoo’s CEO. Whether it is about Yahoo’s highly valuable Alibaba stake or its “core business”, the twists and turns have come on a daily basis, which can make following the news pretty disorientating.
This video includes images from Getty Images.
In January, when Yahoo announced plans to spin off its $31 billion stake in Chinese e-commerce giant Alibaba, there was talk of how it would liberate Yahoo to focus on its core business.
Yahoo CEO Marissa Mayer announced that she just gave birth to twin girls. However, Yahoo’s board believes that there is a marked difference between what the value of its Internet business might be. Despite that possibility, Mayer had been planning to complete the Alibaba spinoff by next month in a reflection of her belied the split would gain tax-free status.
Investors had pressured for the move after Yahoo failed to get permission from the IRS for tax relief in selling off the Alibaba stake.
Yahoo says Mayer may revise plans to pay shareholders billions of dollars from the sale and instead keep the windfall for other spending. In a note to clients, he reiterated a “Buy” option on Yahoo stock with a 12-month target of US$38.
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But she later doubled paid maternity leave for Yahoo staff to 16 weeks and offered up to eight weeks paternity leave to fathers. The Board will now evaluate alternative transaction structures to separate the Alibaba stake, focusing specifically on a reverse of the previously announced spin transaction.
