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Third Point LLC Letter To Yahoo! Board Of Directors Regarding Discovery Of Discrepancies In Educational Records Of CEO Scott Thompson And Director Patti Hart

Stocks in this article: YHOO

Sincerely,

Daniel S. LoebChief Executive OfficerThird Point LLC

About Third Point LLC:  Third Point LLC is an SEC-registered investment adviser headquartered in New York, managing $9.0 billion in assets.  Founded in 1995, Third Point follows an event-driven approach to investing globally. 

Third Point and the other Participants (defined below) have filed with the Securities and Exchange Commission (the " SEC") a preliminary proxy statement and accompanying proxy card in connection with its solicitation of proxies for the election of Mr. Daniel S. Loeb, Mr. Harry J. Wilson, Mr. Michael J. Wolf and Mr. Jeffrey A. Zucker at the Company's 2012 Annual Meeting of Shareholders (the " Annual Meeting").

THE PARTICIPANTS STRONGLY ADVISE ALL SHAREHOLDERS OF THE COMPANY TO READ THE PRELIMINARY PROXY STATEMENT, THE DEFINITIVE PROXY STATEMENT, THE ACCOMPANYING PROXY CARDS AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY Third Point, Daniel S. Loeb, Third Point Offshore Master Fund L.P., Third Point Ultra Master Fund L.P., Third Point Partners L.P., Third Point Partners Qualified L.P., Third Point Reinsurance Company Ltd., Lyxor/Third Point Fund Limited, dbX-Risk Arbitrage 11 Fund, Harry J. Wilson, Michael J. Wolf and Jeffrey A. Zucker (collectively, the " Participants"), FROM the SHAREHOLDERS OF THE COMPANY, FOR USE AT THE ANNUAL MEETING, WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.  SUCH MATERIALS WILL, ALONG WITH OTHER RELEVANT DOCUMENTS, BE AVAILABLE AT NO CHARGE ON THE SEC'S WEBSITE AT HTTP://WWW.SEC.GOV.  IN ADDITION, THE PARTICIPANTS IN THE SOLICITATION WILL PROVIDE COPIES OF THE PROXY STATEMENT WITHOUT CHARGE UPON REQUEST.  REQUESTS FOR COPIES SHOULD BE DIRECTED TO THE PARTICIPANTS' PROXY SOLICITOR, MACKENZIE PARTNERS, INC. AT ITS TOLL-FREE NUMBER (800) 322-2855 OR VIA EMAIL AT PROXY@MACKENZIEPARTNERS.COM.

IMPORTANT INFORMATION RELATING TO THE ABOVE-NAMED PARTICIPANTS IN THIS PROXY SOLICITATION, INCLUDING THEIR DIRECT OR indirect interests in the COMPANY, by security holdings or otherwise, is contained in the preliminary proxy statement filed by Third Point and the other Participants with the SEC on March 21, 2012, which document is available at no charge at the SEC's website at http://www.sec.gov.  WHEN COMPLETED, the definitive proxy statement will be available to shareholders of the COMPANY at no charge at the SEC's website at http://www.sec.gov or by contacting the participants' proxy solicitor, MacKenzie Partners, Inc. at its toll-free number (800) 322-2855 or via email at PROXY@MACKENZIEPARTNERS.COM.

[1] A press release from U.S. Sprint in 1991 stated that Ms. Hart (then Ms. Manuel), recently appointed as Vice President of Great Lakes Area Business Market Group, "received her B.S. in business administration from Illinois State University."  However, a press release from Sprint Long Distance in 1998 stated that Ms. Hart "has a bachelor's degree in marketing and economics from Illinois State University". All references we found to Ms. Hart's educational background, dating after 1998, used the same language contained in the 1998 press release.

SOURCE Third Point LLC

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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