Activist Client Starboard Makes Headlines Following Highly-Publicized Letter to Yahoo!
The Wall Street Journal, Reuters, Forbes, Bloomberg and other media publications reported that Olshan client Starboard Value LP is urging Yahoo! Inc. to reconsider its proposed spin-off of Yahoo’s Alibaba stake and instead explore a sale of Yahoo’s core Search and Display advertising businesses. In a letter written to Yahoo’s Chairman, CEO and Board of Directors, Starboard expresses growing frustration with Yahoo’s unwillingness to accept Starboard’s help and its dismissive approach to Starboard’s serious concerns about the current situation at Yahoo. Olshan Partners Steve Wolosky and Andrew Freedman and associate Meagan Reda represent Starboard in its campaign at Yahoo.