Back To Yahoo Forum

Yahoo settles with Carl Icahn and gives up three seats

  • Bigwebmaster
  • Site Admin
  • Site Admin
  • User avatar
  • Joined: Dec 20, 2002
  • Posts: 8934
  • Loc: Seattle, WA & Phoenix, AZ
  • Status: Offline

Post July 21st, 2008, 7:30 am

I am not sure how many have been paying attention to this, but since Microsoft's bid to buyout Yahoo failed, Carl Icahn (who owns 5% of the stock) has been trying to get shareholders to replace the entire board of directors so that if an offer came though again things would be different.

It seems he has gained some ground today as Yahoo finally gave three seats to Icahn.

Quote:
Yahoo Inc. is relinquishing three seats on its board of directors to activist investor Carl Icahn, ending a battle for control of the Internet company while still leaving the door open for a possible sale to Microsoft Corp.


http://biz.yahoo.com/ap/080721/yahoo_microsoft.html
Ozzu Hosting - Want your website on a fast server like Ozzu?
  • Anonymous
  • Bot
  • No Avatar
  • Joined: 25 Feb 2008
  • Posts: ?
  • Loc: Ozzuland
  • Status: Online

Post July 21st, 2008, 7:30 am

  • joebert
  • Sledgehammer
  • Genius
  • No Avatar
  • Joined: Feb 10, 2004
  • Posts: 13458
  • Loc: Florida
  • Status: Offline

Post July 21st, 2008, 8:08 am

Quote:
To fill those spots, Icahn will choose from the eight men he had already nominated and one new candidate -- Jonathan Miller, the former CEO of Yahoo rival AOL. Miller is the kind of seasoned CEO that Icahn envisioned for Yahoo.


Be afraid, be very afraid.
Strong with this one, the sudo is.
  • StarBucks
  • Student
  • Student
  • No Avatar
  • Joined: Jul 29, 2008
  • Posts: 85
  • Status: Offline

Post July 30th, 2008, 7:26 pm

What will happen to MSN??? Will they merge it?

@joebert: Kinda' scary!
  • Samuraii
  • Student
  • Student
  • No Avatar
  • Joined: Feb 26, 2007
  • Posts: 68
  • Status: Offline

Post August 1st, 2008, 6:55 am

I think that MSN reconsidering the concern

Page 1 of 1

Post Information

  • Total Posts in this topic: 4 posts
  • Users browsing this forum: No registered users and 6 guests
  • You cannot post new topics in this forum
  • You cannot reply to topics in this forum
  • You cannot edit your posts in this forum
  • You cannot delete your posts in this forum
  • You cannot post attachments in this forum
 
 

© 2011 Unmelted, LLC. Ozzu® is a registered trademark of Unmelted, LLC.