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Yahoo shares more than double under Mayer

Rise mostly funded by share buyback programme, stakes in Alibaba Group

Published Thu, Dec 3, 2015 · 09:50 PM
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New York

INVESTORS who made early bets on Marissa Mayer's ability to turn around Yahoo Inc were well rewarded for their faith: The share price has more than doubled and widely outperformed the broader stock market since she took over as chief executive in July 2012.

But few credit Ms Mayer's efforts to turn around the faded Internet star for the gains.

Much of the upward trajectory was funded by an aggressive share buyback programme and Yahoo's stakes in Alibaba Group and Yahoo Japan.

The board of Yahoo is weighing a sale of its core Internet business in meetings this week amid a broader debate about the future of the company and whether Ms Mayer s…

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