Yahoo Looking at New Turnaround Plan, According to Wall Street Journal

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Shares of Yahoo
YHOO
are slightly lower following a Wall Street Journal report that states Yahoo is looking to implement a turnaround plan in response to pressure from Starboard Value LP. CEO Melissa Mayer will likely implement cost-cutting and look for acquisitions, according to the Wall Street Journal. Yahoo may look to acquire a large technology startup with some of the $5.8 billion it made from its stake in the IPO of Alibaba
BABA
. With revenue growth slowing at Yahoo, a big acquisition could be a new source of non-organic growth for Yahoo. Shares of YHOO are currently up 0.13 percent at 38.50. Shares of BABA are higher by 0.82 percent at 88.63
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