Why did Yahoo (YHOO) decide to return most of the cash from its Alibaba sale to shareholders?...
Why did Yahoo (YHOO) decide to return most of the cash from its Alibaba sale to shareholders? One explanation, Owen Thomas notes, is that Marissa Mayer & co. may have decided potential acquisitions such as Foursquare and Yelp (YELP) "were still too expensive and wouldn't move the needle on Yahoo's core business." He adds a source indicates negotiations for the sale of the company's Yahoo Japan stake, another potential source of funds, haven't gone anywhere. Yahoo should have over $3B in the bank post-Alibaba.
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