Magnetic boss, Alibaba jackpot rejuvenate Yahoo

Not much had been going right for Yahoo until it lured Marissa Mayer away from Google to become its chief executive last summer. The move is shaping up as the best thing to happen to Yahoo since 2005 when it invested US$1 billion (HK$7.76 billion) in what was then a little-known Internet company in China, Alibaba.

Mayer’s magnetism and Alibaba’s prosperity are now combining to transform Yahoo from a tale of woe into a comeback story that is winning over Silicon Valley and Wall Street.

via Business feed http://www.scmp.com/business/companies/article/1283822/magnetic-boss-alibaba-jackpot-rejuvenate-yahoo