Yahoo may alter cashback plans under new boss Mayer
- 9 August 2012
- From the section Business
Technology firm Yahoo has signalled it may alter plans to return money to shareholders under new chief executive Marissa Mayer.
Ms Mayer is currently engaging in a strategic review of the company's business.
The firm said this review "may lead to a re-evaluation of, or changes to, our current plans, including our restructuring plan".
She recently joined Yahoo as a surprise hire from rival Google.
Yahoo had - under previous chief executives - promised to return cash to shareholders from a recent deal.
In May, Yahoo reached a deal with Alibaba Group to sell half of its 40% stake in China's biggest internet company for $7.1bn (£4.5bn).
Ms Mayer, 37, is the firm's third chief executive in the space of a year.
Yahoo has struggled in the face of increased competition from internet search rivals including Google, and the emergence of social giants such as Facebook.
While Yahoo still has a market capitalisation of $19bn, Google is valued at more than $180bn.