Jeff Smith, manager of activist hedge fund Starboard Value, presented to Yahoo's board of directors on Wednesday, urging them to sell the internet business, according to a report in USA Today. The Yahoo board is reportedly holding a three-day series of meetings to consider its various options, including whether to press ahead with a planned spin-off of its stake in Chinese e-commerce company Alibaba that is slated to be completed in January, or whether to pursue other options such as selling Yahoo's core internet business.