By Michael Flaherty and Liana B. Baker (Reuters) - Starboard Value LP, the activist hedge fund leading an investor revolt against Yahoo Inc's management team, will push for control of the company's board in talks scheduled for next week, according to people familiar with the matter. The talks between the two sides represent an effort by the Internet company to avoid a proxy contest just weeks before a March 26 deadline for Starboard and other shareholders to submit board of director nominees. Starboard is seeking at least four board representatives in order to gain control of Yahoo's seven-member board, the people said this week. Yahoo's board has been weighing whether to offer two or more seats to Starboard, the New York Post has reported. Should talks fail, Starboard previously said it was prepared to submit a slate of directors. A proxy contest would come as Yahoo presses ahead with an auction for its core Internet business. Some Yahoo investors are concerned that a proxy fight would hinder the auction effort, sowing doubts among potential buyers over the stability of Yahoo's board, the sources said. Starboard, however, does not want to miss an opportunity to gain board seats, one of the sources added. The sources asked not to be identified because the deliberations are confidential. Yahoo and Starboard declined to comment. Boutique bank Evercore Partners Inc has been retained to help defend against Starboard's campaign, in addition to existing advisors Goldman Sachs Group Inc , JPMorgan Chase & Co and PJT Partners Inc , people familiar with the matter said. Evercore declined to comment. The Yahoo committee is sending out financial information to interested parties next week, and hopes to have a short list of bidders by April, according to people familiar with the matter. Telecommunications company Verizon Communications Inc and publisher Time Inc are among the companies expected to bid for Yahoo's core business, while some private equity firms are expected to team up for potential bids. "I want to make it very clear: between management, Marissa, myself, the rest of the management, her management team, and the committee, and the Board, we're absolutely all aligned," Yahoo CFO Ken Goldman said at a conference this week, referring to Yahoo CEO Marissa Mayer. "We're looking at this in terms of what creates the best shareholder value." To obtain seats, Starboard must win over several of Yahoo's large institutional investors plus co-founder David Filo, its largest shareholder with a 7.5 percent stake. (Additional reporting by Deborah Todd in San Francisco; Editing by David Gregorio)
Russia's first mobilisation since World War Two, declared by President Vladimir Putin on Sept. 21, has led to widespread discontent among officials and citizens over the way the draft has been handled, including complaints about enlistment officers sending call-up papers to clearly ineligible men. "In 10 days, several thousand of our countrymen received summons and arrived at the military registration and enlistment offices," Mikhail Degtyarev, the governor of the Khabarovsk region in Russia's Far East, said in a video post on the Telegram messaging app. Degtyarev said the removal of the commissar, Yuri Laiko, would not affect the mobilisation plan set by Putin.
Florida Sen. Marco Rubio says he'll fight against a federal relief bill that would assist his state's recovery from Hurricane Ian if it has 'pork in it'
Rubio on Sunday told CNN he would fight against the bill if it includes spending unrelated to the hurricane damages. "That's the key," he said.
- Business Insider
In the span of a week, Marco Rubio voted against hurricane relief, asked for additional hurricane relief, and praised the Biden administration's hurricane relief
The Florida senator this week demonstrated a now-familiar Republican routine around taking federal money for hurricane relief.
- Steelers Wire
Chris Boswell gets record-breaking field goal in first half.
The 25-year-old walked onto the runway while topless as three people sprayed her with a weblike substance.
Rep. Matt Gaetz was one of several House Republicans who voted against a resolution to allow FEMA to use up to $15 million in the Disaster Relief Fund.
The New Official Palace Portrait Shows a Shift in Who the Royal Family Wants the Public to Consider the 'Fab Four'
It seems that along with pushing Prince Harry and Meghan Markle down to the lowest level on the official royal family website, they don’t want either of them to be considered part of the “Fab Four” anymore. While Prince William and Kate Princess of Wales continue to hold that title, it seems the other half […]
- Badgers Wire
Who will be Wisconsin's next head coach?
The fishing duo posed for a photo with their catch just minutes before an official discovered something inside the animals.
Terry Bradshaw, a Pro Football Hall of Fame quarterback and one of the co-hosts on Fox NFL Sunday, revealed Sunday on air that he has battled cancer twice in the last year. Bradshaw had an incident during the pregame show last week and addressed them on Sunday’s episode before the rest of the schedule kicked off. “Last week on […]
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Have an issue with your financial adviser or have questions about hiring a new one? Email email@example.com.
- Road & Track
While some of the soil supporting the track's famous high banks was washed away, a track executive reports no structural damage to the track or its foundations.
- Business Insider
Former federal prosecutor scoffs at Trump's lawyer reportedly trying to keep him from attacking DOJ in Mar-a-Lago probe: 'Bless you, good luck'
"Donald Trump has one mode, it is all offense all the time," Barbara McQuade told MSNBC on Saturday.
- Miami Herald
Feeling increasingly isolated in the aftermath of Hurricane Ian, Fort Myers Beach residents and renters continued to exit their devastated island by foot Sunday, four days after a 10-foot storm surge driven by 150 mph winds inundated Southwest Florida’s coastal communities.
- Business Insider
Michael Fanone, a former DC police officer who was attacked at the Capitol riot, said he's 'broke' and that speaking out about January 6 'destroyed my career'
Michael Fanone told Rolling Stone he knew shortly after testifying about being assaulted on January 6 that his law enforcement career was over.
- Miami Herald
Bottles of medication designed to keep blood pressure down contained medication designed to help prevent strokes and blood clots in people with heart conditions, causing a recall of one lot of each.
- Country Living
Danica McKeller, the 47-year-old actress, author, and Domino Masters host, will star in Christmas at the Drive-In on Great American Family.
- NBC Sports
Talladega points, results: Where everyone finished in Sunday's NASCAR Cup Series race and the playoff standings as Chase Elliott won to clinch a spot in the next round.
Top 17 waiver wire pickups for Week 5 of fantasy football: Nyheim Hines and Corey Davis are high-value players this week
Nyheim Hines, Corey Davis, and George Pickens could all be game-changing players for your fantasy roster.
Football fans are scratching their heads after footage captured Antonio Brown exposing himself to guests while swimming in a pool at a posh Dubai hotel.