When not prying little Rs off signs around Yahoo’s offices, new CEO Marissa Mayer has been considering some actual plans for turning around the beleaguered tech-media conglomerate.
Her options are numerous. She could lay off a bunch of employees, improve Yahoo’s web products, or just rename the entire thing “Go0g1€” and hope nobody notices the difference.
But most of those things require money. And today, with the closing of its $7.6 billion sale of half its assets in China’s Alibaba Group, Mayer got the cash infusion she was looking for.
Most of the after-tax profits from the Alibaba sale (about $4.5 billion) will be paid out to Yahoo shareholders in the form of dividends or stock buybacks, according to AllThingsD. But that leaves a chunk, about $650 million, for Mayer and her team to play with.
Tech blogs are full of suggestions for what Mayer should do with Yahoo’s Chinese cash pile: Buy Path. Buy Twitter. Buy a bunch of small companies nobody’s ever heard of and put exclamation points at the ends of their names. Some of these actually might work!