Yahoo CEO Marissa Mayer Announces Birth Of Twin Girls

Mayer and husband Zachary Bogue also have three-year-old son Macallister, with whom Mayer was pregnant when she accepted the Yahoo chief position in 2012. To avoid a massive tax bill for its Alibaba stake-and, to a lesser degree, rejuvenate its slumping business somehow-Yahoo is splitting itself into two.

Yahoo began this year by drawing up plans to spin off the Alibaba stake into a separate holding company called Aabaco in what was supposed to be a tax-free move.

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

The deal, which would require shareholder approval, could take more than a year to complete, Yahoo said.

A Yahoo spokeswoman declined to reveal the twins’ names or weights.

“So we want to help her return this great company to an iconic place where it belongs”, Webb said.

Investors appeared to hope that Yahoo’s latest change in course might be a precursor to a sale.

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

Marissa Mayer’s team has grown by two!

But such a plan would be more radical and likely end Yahoo in its present form some three years into a turnaround effort by chief executive Marissa Mayer.

As an example, with 600 million mobile users, Yahoo should be generating $3.9 billion in mobile advertising revenue each quarter, said Windsor. It also has a 35% interest in Yahoo!

Most of the internet company’s $33bn (£21.8bn) value is attributed to its shareholding in Alibaba.

Still a lot of questions, even after Mayer’s interview, which one CNBC commentator called “a bad presentation”.

The handling of the Alibaba stake is crucial to Yahoo shareholders because of the money involved.

The uncertainty has led activist investor Starboard Value to argue that the I.R.S. could demand $10 billion or more in capital gains taxes. We had argued in our note published earlier that it made sense for the company to sell its core internet business and retain Alibaba stake in Yahoo to avoid possible negative tax outcome of an Alibaba spinoff. Maynard Webb, chairman of the board, explained the board’s reasoning: Although board members believe the previously announced spin off would be tax free to Yahoo and its shareholders, they are considering the bigger picture at Yahoo.