Mayer simply announced her kids’ arrival on her blog after fielding questions about the complex deal to sell Yahoo’s core businesses on a public call with investors on Wednesday morning. She gave birth to a son in 2012, the year she was named Yahoo CEO.
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Yahoo CEO Marissa Mayer is now a mom to identical twin girls. A company spokeswoman confirmed the birth, and said the entire Mayer-Bogue family are “beyond thrilled”.
In September, Mayer announced the impending birth, saying she would take “limited time away” from her post as CEO after working throughout her pregnancy.
More details are set to be provided at the end of next month when Yahoo publishes fourth quarter earnings figures.
This video includes images from Getty Images. The former Googler was seen as having the right kind of energy to turn around a 20-year-old company that had floundered under a line of chief executives with different visions for Yahoo’s future.
Yahoo’s board will instead focus on a new plan to spin off Yahoo’s core business and its stake in Yahoo Japan into a separate, publicly traded company.
“It will happen later this month”, she said.
Chief executive Marissa Mayer said the new plan would help ensure that Yahoo’s internet business was “accurately valued”. “The problem is that spinning out the core assets is much more complicated, which condemns investors to another year of waiting to realize the value that obviously does exist inside this company”. The CEO ” s latest additions arrived just a day after she spoke to analysts and investors on a conference call and gave press interviews to discuss a major shift in Yahoo ” s business strategy.
Under mounting shareholder pressure, Yahoo scrapped that spinoff Wednesday and said that it will instead try to break off everything but the Alibaba holdings into another company.
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“There’s always a lot to do on both the homefront and the workfront”, Mayer said. However, Yahoo’s board believes that there is a marked difference between what the value of its Internet business might be. “Informed by our intimate familiarity with Yahoo’s unique circumstances, the board remains committed to accomplishing the significant business purposes and shareholder benefits that can be realized by separating the Alibaba stake from the rest of Yahoo”.
