Yahoo in Third Point Buy Back as Loeb Exits Board

Yahoo in Third Point Buy Back as Loeb Exits Board Play

July 22 (Bloomberg) -- Bloomberg West Editor-at-Large Cory Johnson and Jonathan Erlichman report that Yahoo! Inc. has agreed to buy back $1.16 billion of shares held by Third Point LLC as activist Daniel Loeb leaves Yahoo's board as a solution to a proxy fight that began last year. He speaks on Bloomberg Television's "In The Loop."

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