Yahoo settles with Carl Icahn and gives up three seats

  • Bigwebmaster
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Post 3+ Months Ago

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
  • Anonymous
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Post 3+ Months Ago

  • joebert
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Post 3+ Months Ago

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.
  • StarBucks
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Post 3+ Months Ago

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

@joebert: Kinda' scary!
  • Samuraii
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Post 3+ Months Ago

I think that MSN reconsidering the concern

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