SUNNYVALE, Calif. — Yahoo! Inc., the premier digital media company, today released the following shareholder update from its Chairman Roy Bostock.
Dear Fellow Shareholders:
I write today to update you on the actions the Yahoo! board has taken, and the actions it is pursuing, to increase shareholder value and position the Company for growth. These actions result from a process I initiated about six months ago in a special meeting of the independent directors in which we analyzed the reasons why Yahoo! was not meeting either our own expectations or those of our shareholders. (more…)