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Yahoo investor calls for new board
Yahoo activist investor Daniel Loeb, of the hedge fund ThirdPoint, last night launched a campaign to install his own slate of directors on the embattled internet firm’s board, highlighting the turmoil engulfing the one-time online pioneer. His move came after talks between Yahoo and China’s Alibaba over the US internet giant’s Asian assets hit an impasse, throwing their plans for a $17bn tax-free asset swap into question, according to sources briefed on the situation.