Saturday, June 07, 2008

Icahn Presses Yahoo to Sell to Microsoft - NYTimes.com

Perhaps getting  a bit nervous about his investment?...

Carl C. Icahn told Yahoo on Friday that it should offer to sell the company to Microsoft for $34.375 a share, or about $48.7 billion.

In his latest letter to Roy J. Bostock, Yahoo’s chairman, Mr. Icahn said that if Microsoft did not accept the offer “in a friendly and cooperative transaction,” he would push Yahoo to do a deal with Google if he won control of the Yahoo board.

Icahn Presses Yahoo to Sell to Microsoft - NYTimes.com

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