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Yahoo shares more than double under Mayer

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

Few credit Ms Mayer's efforts to turn around Yahoo for its share gains amid a broader debate about the faded Internet star's future and whether she should lead it.

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...