Yahoo (YHOO +1.9%) spikes higher after announcing it will return 85% of the cash ($3.65B)...

|By:, SA News Editor

Yahoo (YHOO +1.9%) spikes higher after announcing it will return 85% of the cash ($3.65B) obtained from the partial sale of its Alibaba (ALBCF.PK) stake to shareholders. Yahoo, which adds it still owns 23% of Alibaba, had fallen on worries Marissa Mayer would opt to hold onto most or all of the cash for the sake of pursuing acquisitions. "Marissa got over-lawyered into that 8-K," Eric Jackson opines. (PR)