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Yahoo Boss Vows To Stay On Despite Alibaba U Turn

Marissa Mayer, Yahoo's under-pressure chief executive, vowed not to step down and said she was "convinced" the Internet company was on the "right path," despite scrapping a 10-month plan to spin off its $32bn stake in Alibaba. The 40-year-old defended the group's decision to halt a move to place Yahoo's 15% stake in the Chinese etailer in a separate company.

Read the whole story at The Telegraph »

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