icahn
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Is It Finally Over? Yahoo Appoints Icahn Nominees to Board
It looks like we can finally put the Carl Icahn vs. Yahoo fight behind us. As part of the settlement between the two, Icahn was given three seats on Yahoo's board - one for himself and another two for new members to be appointed by Icahn. After Time Warner denied Icahn's favorite appointee Jon Miller a seat on the board because of a non-compete clause in his old AOL contract, Icahn and Yahoo finally settled on former Viacom president and CEO Frank J. Biondi and former Nextel CEO John H. Chapple.
Battle is Over: Icahn Will Join Yahoo Board
Just last week we said that the proxy fight between Carl Icahn and the Yahoo board was going to drag on until at least August. In a surprising twist of event, it now seems the battle is almost over, as Yahoo today announced an agreement with Icahn, who will get a seat on the Yahoo board. The board will be expanded from 9 to 11 members. At the shareholder meeting in August, 8 of the 9 current board members will stand for re-election.
Microsoft-Yahoo: Setting the Record Straight Once More
It seems Mondays are slowly becoming the traditional days for Microsoft/Yahoo updates. Today, Microsoft saw the need to 'set the record straight' after Yahoo had released a statement on Saturday that, according to Microsoft, contained too many inaccuracies to be left uncorrected. Microsoft and Carl Icahn had offered Yahoo a guaranteed search revenue of $2.3 billion annually for five years, but Yahoo rejected this bid on Saturday.
Icahn/Ballmer: Microsoft-Yahoo Deal Still Possible if Yahoo Board Goes
It wouldn't be Monday if there weren't some new saber rattling from Carl Icahn over the Microsoft-Yahoo deal. This time, in a letter to Yahoo's shareholders, Icahn alleges that he has been in discussions with Microsoft's Steve Ballmer for the last week. In those calls, Microsoft apparently stated that it would still be interested in the Yahoo acquisition, but only if the current Yahoo board were ousted. Microsoft has confirmed these discussions.
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