Yahoo! CEO Mayer Pregnant With Twins

(RTTNews) - Yahoo! Inc.'s (YHOO) Chief Executive Officer Marissa Mayer revealed Tuesday that she is pregnant with identical twin girls, likely to arrive in December. However, Mayer said she would take limited time away and will work throughout at the company, which is in the midst of a turnaround.

In a blog post, Mayer said, "Since my pregnancy has been healthy and uncomplicated and since this is a unique time in Yahoo's transformation, I plan to approach the pregnancy and delivery as I did with my son three years ago, taking limited time away and working throughout."

Mayer married lawyer and investor Zachary Bogue in 2009. Her first child, a son, was born in October 2012, three months after she assumed the top post at Yahoo.

At that time, Mayer returned to work after a short maternity leave, triggering a debate about the potential impact of her action on other working mothers. She reportedly had a nursery built next to her office suite, further fueling the controversy.

In February 2013, Mayer oversaw a major personnel policy change at Yahoo that banned working from home and requiring all remote-working employees to convert to in-office roles.

Just two months later, Mayer changed Yahoo's maternity leave policy by lengthening the paid-leave period and providing a cash bonus to parents.

Under Mayer, Yahoo has boosted its digital content and focused on mobile business at a time of competition from Google Inc. (GOOG, GOOGL) and Facebook Inc. (FB), while its search and display business has continually come under pressure.

In mid-July, Yahoo reported a loss for the second quarter, with the overall results reflecting the challenges that Mayer faces in casting the company on a higher growth trajectory.

Yahoo has recently announced in a filing with the SEC over plans to spin off its remaining stake in Chinese e-commerce company Alibaba Group Holding Ltd (BABA) via a newly formed company, Aabaco Holdings Inc.

The spin-off is expected to be completed in the fourth quarter of 2015, after which Aabaco Holdings will own its 15 percent stake in Alibaba, currently valued at about $32 billion.

YHOO closed Tuesday's regular trading at $31.60, down $0.64 or 1.99 percent on a volume of 19.90 million shares. In after-hours, the stock further gained $0.06 or 0.16 percent to $31.65.