How Will Marissa Mayer Shape Yahoo's Future with its New Cash Haul?
Marissa Mayer has $8 billion she can return to shareholders, but her style doesn't suggest she'll put the $4 billion haul Yahoo! execs can spend back in investors' pockets.
Yahoo! shares have slipped back into the red on the year, after Bank of America gave it a downgrade and investor fears set in regarding the company's mega-stake in Chinese e-commerce titan Alibaba. Marissa Mayer has $8 billion she can return to shareholders, but her style doesn't suggest she'll put the $4 billion haul Yahoo! execs can spend back in investors' pockets -- it's more likely that dough will head for M&A. The company is locked into Alibaba for the next year, and it won't unload more stock soon, which guided shares down by nine percent so far this week, as part of a bigger sell-off.
