Yahoo Should Release Letters Inviting Bids: Investor

Law360, New York (December 13, 2011, 7:37 PM EST) -- One of Yahoo Inc.'s largest shareholders, hedge fund Third Point LLC, fired another shot against the flagging Internet company's rumored sweetheart deal with a private equity-backed consortium Tuesday with a letter asking for the release of Yahoo's invitations to third parties for bid proposals.

Third Point and other investors have publicly questioned the company's leadership in recent weeks after reports that it might be holding out for a deal that would favor Yahoo co-founder Jerry Yang at the cost of shareholder value.

In his second letter...
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