Yahoo! Inc. (NASDAQ:YHOO) is to reorganize according to a new memo from Scott Thompson, the company’s CEO. The move comes as pressure mounts on the company from shareholders, and particularly Dan Loeb, who believe the company is mismanaged and undervalued. Loeb went as far as to set up a website parodying the search giant’s last week. That move was quite popular on the and tech news sites and blogs where Yahoo is constantly the butt of jokes about its performance and long lasting slump. Today’s letter is clearly a response to that pressure and outlines a new direction for the company…
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