Yahoo C.E.O. Marissa Mayer on Thursday announced on Twitter that she gave birth to identical-twin daughters. The announcement comes only a day after she had a full round of major press appearances and shareholder announcements.
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“Since my pregnancy has been healthy and uncomplicated and since this is a unique time in Yahoo’s transformation, I plan to approach the pregnancy and delivery as I did with my son three years ago”, she explained.
At the time, Mayer said she was pleased the Yahoo board was not concerned, telling Fortune their actions “showed their evolved thinking”.
Yahoo runs several web properties including Flickr, Yahoo Finance, blogging platform Tumblr and fashion site Polyvore, as well as the messenger, mail and search functions it is known for. It has included layoffs, project shutdowns and other cost-cutting moves; at the same time, Yahoo has made investments in television, editorial personnel and video – mainly the acquisition of BrightRoll – and mobile advertising projects. Yahoo announced now that they no longer plan to spin off their Alibaba Stake due to possible tax implications.
Yahoo was widely expected to spin off its $31 billion stake in Chinese e-commerce giant Alibaba into a new company, so it came as a bit of surprise Wednesday when it announced that it wouldn’t do so. On the same call, Mayer said that separating the Alibaba investment from the rest of the company will provide more transparency into the value of the business. Yahoo stated that it could take up to another year before the spin off is complete.
Instead, Yahoo plans to spin off “all of its other assets, including its stake in Yahoo Japan, into a new company”, the New York Times reports.
“We believe that the previously announced spin off would be tax free to Yahoo and its shareholders”, said Maynard Webb, Chairman of Yahoo’s Board of Directors. A live webcast of the conference call can be accessed through the company’s Investor Relations website at https://investor.yahoo.net/events.cfm.
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Marissa Mayer’s team has grown by two! He reiterated a US$40 target price for Yahoo shares. Please see our terms of service for more information.
