Yahoo CEO Marissa Mayer Welcomes Twin Girls – Congrats

Yahoo CEO Marissa Mayer devised the spinoff strategy for about a year in an effort to turn the Internet company around.

Mayer’s decision to return to work quickly is her choice and makes sense given her role, said Barbara Yastine, co-CEO of Lebenthal Holdings LLC in NY.

Bloomberg reports that Mayer made the announcement via social media website Twitter, saying that she and her family are doing well.

Silicon Valley’s highest-flying female tech boss has given birth to identical twin girls, having said she would be “working throughout” her limited maternity leave. “A separation from our Alibaba stake, via the reverse spin, will provide more transparency into the value of Yahoo’s business”. The stock, which initially rose after the troubled Internet company abandoned plans to spin off its Alibaba (BABA) stake to instead assess a spin off of its core Web properties, are now down, falling 4.4% to a recent $33.33 a share.

This video includes images from Getty Images. In a note to clients, he reiterated a “Buy” option on Yahoo stock with a 12-month target of US$38.

Mayer stuck to that promise, appearing on a conference call with investors and on CNBC Wednesday morning to discuss Yahoo’s plans to keep the company’s lucrative Alibaba stake and spin off its core Internet business into a new company. Mayer has said she’ll approach this pregnancy like her first one, so she may take off the same amount of time. Its properties are frequented by more than 1 billion active users each month, and more than 600 million of those years are on mobile, the company says.

Windsor called Mayer’s performance “awful” and said Yahoo is “massively underperforming its potential and is struggling to hold onto its executives”.

The plan to spin off the Alibaba stake hit a hurdle in September when United States tax authorities denied a request from Yahoo to decide whether the deal would be tax-free.

The Alibaba spin-off is off and Yahoo!’s reversing its core business out, but not up for sale – officially.

Yahoo Chairman Maynard Webb said in a statement that the company became concerned about the original plan to spin off the Alibaba stake in part because of the market’s perception of tax risk.