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Yahoo shares more than double under Mayer

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

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Published Thu, Dec 3, 2015 · 09:50 PM

    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.

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