Third Point's Loeb Backs Yahoo! (YHOO) CEO Mayer's Cash Plan - Reuters

August 10, 2012 12:30 PM EDT
Yahoo! (Nasdaq: YHOO) shares are ticking higher following Reuters reporting that Director Dan Loeb, of the hedge fund Third Point, is backing CEO Marissa Mayer's Alibaba cash plan, which would see limited or no shareholder payouts.

Shares are still down 5.3 percent Friday.

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