SAN FRANCISCO - Yahoo struck a compromise Wednesday with an activist investment fund seeking to take over the Internet group's board of directors, under which it will add four new members.
Yahoo reached a settlement with Starboard Value, adding four new directors to its board
A Yahoo statement said four additional board members will include one from the investment firm Starboard Value. "This constructive resolution will allow management and the board to keep our focus on our extremely important objectives," chief executive Marissa Mayer said.