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Investors pressure Yahoo to cut jobs, appoint new CEO and sell business

It is reported that the investors lost paitience for CEO Mayer's turnaround plan. It faces new pressures from its investors. 

As the 15th shareholder of Yahoo, Canyon Capital Advisors wrote to Yahoo last Friday to urge it seeked for buyers for its core internet business or the whole company. 

The other investor, SpringOwl Asset Management company suggested Yahoo cut 75% of its workforce and look for competent CEO or strategic partners who help Yahoo out of taxation trouble. 

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