Marissa Mayer Blames Short-Sighted Activist Investors for Causing Yahoo to Lose out on Tens of Billions of Dollars of Upside by Selling Alibaba Stake
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- In her first interview since leaving Yahoo, Marissa Mayer said selling the company's stake in Alibaba was a mistake.
- Mayer blamed shortsighted activist investors for pressuring the company to do the deal.
- Yahoo sold half of its 40% stake in Alibaba for $7.6 billion in 2012. Yahoo obtained the entire stake for $1 billion in 2005.