Yahoo has set an April 18 deadline for bids
April 11 deadline could mean that Yahoo could close a deal by June or July, Wall Street Journal reported
Tensions between Yahoo! and its most outspoken shareholder, the activist hedge fund Starboard Value, were already running high when the two sides agreed early this year on a face-to-face meeting in Manhattan.But on the morning of that meeting on March 10, Yahoo! surprised Starboard when it filled two vacancies on its board without consulting the hedge fund, in what many viewed as a poke in the eye. For Starboard, the meeting was yet another bad omen. And on Thursday the hedge fund made good on its months-old threat to try to unseat the ailing web pioneer's board. In running nine candidates to try to oust all the incumbent directors, the hedge fund is seeking to claim its biggest corporate scalp yet. And Yahoo! must defend itself while also trying to explore a potential sale of its core business.The slate - which includes a former executive at NBCUniversal and a former technology banker at Deutsche Bank as well as Starboard's chief executive, Jeffrey Smith - represents the strongest cha
Yahoo is considering a deal with Facebook that would allow the social network giant to sell ads inside Tumblr's mobile app
Yahoo's attempt to sell its core business comes after shelving previous plans to spin off its stake in e-commerce giant Alibaba