Yahoo Expected to Offer Board Seats to Activist Investor

New York Post: At Yahoo, the bargaining for board seats is about to begin. The embattled web portal’s board of directors is close to deciding to offer at least two seats to activist hedge fund Starboard Value as it looks to avert a looming proxy battle. The offer, if made, could be seen as the board buckling after months of relentless attacks from Starboard, whose founder Jeff Smith is looking to oust CEO Marissa Mayer as he agitates for a sale of the company’s core Internet business.