SAN FRANCISCO: Lack of a long-awaited turnaround at Yahoo has put pressure on chief executive Marissa Mayer to prove she has what it takes to revive the faded Internet pioneer.
Investors, who were already disappointed by low momentum under Mayer, were given more to worry about this week.
A hedge fund with a stake in Yahoo urged the Internet giant Thursday to drop its planned spin off of its holdings in China's Alibaba.
The hedge fund, Starboard Value, said the company should instead sell its "core" Internet operations.
The request came with Yahoo on track to set up a new corporate entity holding its multi-billion dollar Alibaba stake in the coming months.
"We have grown increasingly frustrated with your unwillingness to accept our help and your dismissive approach to our serious concerns about the current situation at Yahoo," Starboard said in a letter to Mayer.
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