Yahoo CEO Marissa Mayer Gives Birth to Twins After Big Business Announcement

Where analysts, pundits and many investors seemed willing earlier in the year to give Chief Executive Marissa Mayer a chance to turn the company’s fortunes around by focusing on its core business, patience appears to have grown thin over the past 12 months.

“Zack and I are excited to announce that our identical twin girls were born early this morning”, Mayer tweeted, referring to her husband, investor Zachary Bogue.

In September, Mayer announced the impending birth, saying she would take “limited time away” from her post as CEO after working throughout her pregnancy.

The tax ruling appears to be the major factor behind Yahoo’s new change of heart, and now the company has made a decision to retain the Alibaba stake and instead spin off the rests of its core Internet business into a separate company (English article, Chinese article).

The names and weights of the girls were not released.

Yahoo Inc. offers up to 16 weeks of paid maternity leave.

Yahoo’s internet business will now be put into a new company to be listed on the stock market.

Yahoo is a guide focused on making users’ digital habits inspiring and entertaining.

Yahoo had hoped that its spinoff would be treated as tax-free but USA authorities said they could not guarantee this in advance. At Yahoo, where she became chief executive in 2012, she went on a buying spree that included a $1 billion acquisition of the blogging platform Tumblr to reach a younger audience.

Yahoo! board (NASDAQ:YHOO) announced on Wednesday that it has abandoned its plans to spin-off its $32 billion stake in Alibaba.

Twelve months later, Yahoo still plans to split off its Alibaba shares, but in a different way.

The uncertainty and reshuffling threaten more distractions at a time when Yahoo is already struggling in digital advertising against rivals such as Google and Facebook. That business would be distributed to Yahoo shareholders.

The company said that it would take a year to spin out the company, but it’s possible that an acquisition could happen on a faster time table.

“The narrative around Yahoo and our valuation is complicated”, Mayer said Wednesday during an appearance on the financial news channel CNBC.

Yahoo says it will spin off its remaining stake in Alibaba in a move that wards off a potential shareholder rebellion.