Starboard Value LP has asked Yahoo! Inc. (NasdaqGS:YHOO) to announce that the company will not pursue big acquisitions. Starboard has sent a letter to yahoo to announce to its to announce to its minority stakes in the Alibaba Group that the company is not looking for takeovers of media companies like CNN.

Jeffrey Smith, Starboard's Managing member, wrote: "We understand that you are not in a position to comment on media speculation. However, we expect that you and the board will heed the advice of shareholders by expeditiously announcing your intentions regarding both of Yahoo's non-core minority equity investments and other actions to enhance shareholder value." Deal book added that a representative for Yahoo was not immediately available for comment