Windfall means ‘moment of reckoning’ for Yahoo CEO

By Michael Liedtke

Published May 7, 2014 10:16pm ET

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Windfall means ‘moment of reckoning’ for Yahoo CEO — FILE - In this May 21, 2012 file photo, men walk past the corporate logo at the headquarters compound of Alibaba Group in Hangzhou in eastern China's Zhejiang province. Alibaba Group is aiming to raise $1 billion in a long-awaited IPO likely to have ripple effects across the Internet. The Tuesday, May 6, 2014 filing sets the stage for the technology industry's biggest initial public offering since short messaging service Twitter and its early investors collected $1.8 billion in its stock market debut last fall. (AP Photo/File) CHINA OUT | Uncredited

SAN FRANCISCO (AP) — Yahoo CEO Marissa Mayer faces a $10 billion decision in a few months.

The pivotal moment will come when the Chinese e-commerce leader Alibaba Group completes its initial public offering of stock — an enormous deal that triggers a provision requiring Yahoo to sell about 40 percent of its stake in the company. The sale is expected to generate a windfall that will intensify pressure on Mayer to revive Yahoo’s revenue growth after years of lethargy.

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