Friday, May 16, 2008

Icahn applies pressure to Yahoo - The Boston Globe

The tension mounts...  See the full article for more details; apparently Yahoo's board has been much more responsive to Icahn than they were to Microsoft.

Icahn said in a letter to Yahoo's board that a combination with Microsoft "is by far the most sensible path" if the Internet company wants to take on Google Inc.

"The board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft," said Icahn, 72. "I sincerely hope you heed the wishes of your shareholders and move expeditiously to negotiate a merger with Microsoft, thereby making a proxy fight unnecessary."

Icahn applies pressure to Yahoo - The Boston Globe

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