Tuesday, July 8, 2008
Microsoft in a proxy fight to oust Yahoo Board.
The on again off again Microsoft courtship of Yahoo took a new and bizarre turn yesterday when the former declared its interest to reopen take-over talks of the Internet search company but only with the condition that a new board is installed.
One person that could not be happier about the Microsoft announcement , is activist investor Carl Icahn who since May, has been working really hard to oust Yahoo CEO Jerry Yang and the entire board and replace them with peoples of his choosing.
Heading to Yahoo annual meeting scheduled in August 1st , expect to hear more and more Mr Cahn's claims that he is leading in the superdelegates count.
One person that could not be happier about the Microsoft announcement , is activist investor Carl Icahn who since May, has been working really hard to oust Yahoo CEO Jerry Yang and the entire board and replace them with peoples of his choosing.
Heading to Yahoo annual meeting scheduled in August 1st , expect to hear more and more Mr Cahn's claims that he is leading in the superdelegates count.
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