Yahoo Closer to Takeover by Verizon After Board Move

New York Post: Activist investor Jeffrey Smith has scored a win in his battle against Yahoo, gaining seats on an expanded board for himself and three Starboard Value allies. The addition of Smith and his pals to the Yahoo board appears to smooth the path for a sale to Verizon — one of the companies placing a first-round bid. Interestingly, back in January 2015, Smith had pressed for a merger between AOL and Yahoo to realize synergies. Verizon now owns AOL.