> Mayer returned half of the after-tax money to shareholders in the form of a dividend.
Nitpicking but Yahoo never paid a single dividend in its history. Mayer vowed to return the proceeds of the first Alibaba stake sale by doing share buybacks. That generally implies that the company estimates it's undervalued. They already brought down the the number of outstanding shares from 1B+ to <940M.
Nitpicking but Yahoo never paid a single dividend in its history. Mayer vowed to return the proceeds of the first Alibaba stake sale by doing share buybacks. That generally implies that the company estimates it's undervalued. They already brought down the the number of outstanding shares from 1B+ to <940M.