Investor Carl Icahn Backs Microsoft-Yahoo Deal

Carl Icahn, the Yahoo shareholder who tried to forge a deal between Yahoo and Microsoft, has given the thumbs up to the supposedly "imminent" deal.

Last year, when that $47 billion deal between Microsoft and Yahoo came to nothing, it was Carl Icahn, the investor whose company controls around 5% of Yahoo’s stock, who tried to forge a new deal. That never happened.

Now he’s back the new deal which will see Microsoft buy Yahoo’s search advertising for a reported $3 billion upfront, with much more to come. All Things Digital has called the new agreement “imminent” – but we’re all waiting for the signatures on the dotted line.

Icahn wouldn’t comment on how negotiation were progressing, but he did tell Reuters he was a "strong advocate of getting a search deal done with Microsoft."