SAN FRANCISCO (TheStreet) – Yahoo! (YHOO) at some point may want to invest in this app that allows users to be left alone. It may find it works for companies too. The internet giant has once again attracted a significant investor who wants to be its merger matchmaker. This time, it's Starboard Value Partners who wants to sync it up with AOL (AOL) , rather than Carl Icahn pushing for a Microsoft deal.
In a letter to Yahoo! CEO Marissa Mayer and the company's directors, Starboard outlined its desire to see various plans put into play to increase shareholder value. One of them includes exploring a strategic combination with AOL. Starboard, in essence, put Yahoo! in play with its actions.
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That in turn kicked its shares higher, rising 4.39% to close at $40.66 a share Friday. The company's share price, which had been on the decline for a couple days after Alibaba (BABA) launched its IPO late last week has slowly been gaining some traction and today closed around the level it was trading on the day Alibaba went public.
Investors are likely in for more significant stock gyrations as the Starboard hoopla plays out.
BlackBerry (BBRY) also pulled ahead during the day, driven by a strong quarterly performance. Shares of BlackBerry rose 4.69% to close at $10.26 .
The smartphone maker is fighting to make a comeback, as it sits in the shadow of Apple's (AAPL) iPhone and the plethora of Android phones. It recently hunkered down and refocused on its sweet spot - the corporate user - with the introduction of its Passport phone. On the earnings call, CEO John Chen said the company has already taken pre-orders for 200,000 Passport phones.