The bids that Yahoo received "probably weren’t what they were hoping for," he said. "So now they realized we don’t have an option here and we can't keep fighting Jeff Smith. We have to do a deal with him because we don’t know what the options are."

http://www.usatoday.com/story/tech/news/2016/04/27/yahoo-shakes-up-board-deal-starboard/83586936/