Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Yahoo! Inc. (YHOO), Alibaba Group Holding Ltd (BABA): Greg Maffei Says Marissa Mayer’s Plan A Work In Progress

Yahoo! Inc. (NASDAQ:YHOO)’s decision to spin off its stake in Alibaba Group Holding Ltd (NYSE:BABA) is the right decision and Chief Executive Marissa Mayer’s plan is a work in progress, Greg Maffei of Liberty Media told CNBC in a discussion.

“I think [Mayer’s plan so far] is a work in progress. This was a had-to-do thing, it was almost inevitable, I think. […] The transformation of the business where she’s investing in mobile primarily and trying to move from display to native ads and the like, I think that’s a work in progress,” Maffei remarked.

Yahoo! Inc. (NASDAQ:YHOO) spinning off its Alibaba Group Holding Ltd (NYSE:BABA) stake, the company has announced, following pressure chiefly from activist investor Jeffrey Smith of Starboard Value LP. The institutional investment firm bought a stake of about 7.72 million Yahoo! shares by the end of September last year which makes up 10.97% of Starboard’s whole portfolio.

“I think spinning it was the right thing and she did the right thing. The prior taxable sale was a horrible transaction. If you go back, the original investment in Alibaba by Jerry Yang, one of the all-time great deals. The decision before Marissa Mayer and this team got there to sell half of the stake taxably early reduced their leverage [and] was a terrible deal,” Maffei said.

Yahoo! Inc. (NASDAQ:YHOO)’s decision to spin off into a separate entity its Alibaba Group Holding Ltd (NYSE:BABA) stake is a great deal that Liberty Media would do itself if it were in the situation, Maffei said.

Alibaba, is BABA a good stock to buy, Yahoo, is YHOO a good stock to buy, Marissa Mayer, Greg Maffei,

Another institutional investor which substantially increased its Yahoo! Inc. (NASDAQ:YHOO) stake in the third quarter of 2014 is John Burbank’s Passport Capital which owned about 7.48 million shares by the end of September, a 1,232% increase quarter over quarter. Also by the end of September, Lee Ainslie’s Maverick Capital owned 2.2 million Alibaba Group Holding Ltd (NYSE:BABA) shares.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!