Tag archive: Carl Icahn

Controversial billionaire investor Carl Icahn has stepped down from Yahoo's board of directors, effective immediately, saying the company no longer needs an activist investor on its board, and expressing confidence in recently-installed Yahoo CEO Carol Bartz and lauding the company's new long-term Internet search pact with Microsoft. Icahn won a seat on Yahoo's board a little over a year ago as the company was struggling to… Read More

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… Read More

Carl Icahn won his seat on the board by staging a rebellion against Yahoo’s decision not to entertain Microsoft’s takeover bid earlier this year. Now that the company’s ad deal with Google has fallen apart, he’s taken up a somewhat familiar refrain, suggesting that Yahoo sell Microsoft its search business. On CNBC on Monday night he said: "I have said publicly and will continue to say it… I believe, as a… Read More

Earlier this year, Microsoft made a mammoth unsolicited offer to take over Yahoo…which Yahoo famously bobbed and weaved around and, months later, turned down flat. The refusal irritated a group of Yahoo shareholders—including bilionaire Carl Icahn—who felt Microsoft's offer represented the best hope for a big payday on their Yahoo stock. Icahn got so upset that he threatened to run his own candidates for… Read More

Yahoo has announced an agreement with billionaire investor Carl Icahn that should put off a proxy battle battle at the company's shareholder meeting August 1. Under the deal, Yahoo will expand its board of directors from nine to eleven members; eight of those members will be current board members standing for re-election—including CEO Jerry Yang—while the other three seats will be filled by Carl Icahn himself and two of… Read More

By now, of course, it’s not exactly news that billionaire investor Carl Icahn wants to oust the Yahoo board at the general meeting next month. Since making his pronouncement, Icahn has also reportedly joined with Microsoft in a bid for Yahoo, which the company rejected out of hand. However, the Yahoo board has received some good news. Capital management company Legg Mason, which owns over 60 million shares of Yahoo stock –… Read More

The drama between Microsoft and Yahoo has been taking place—in a very public way—for almost half a year now, and today Yahoo rachetted up the tension even further. In an open letter to shareholders, the company urged investors to back Yahoo's current board of directors and reject a takeover attempt from dissatisfied billionaire investor Carl Icahn, who wants to appoint his own board and lay Yahoo for sale on… Read More

In no uncertain terms, Yahoo has turned down a joint bid from Microsoft and billionaire investor Carl Icahn to take over the company. Under the terms, Microsoft would have acquired the search engine business and Icahn would have got the rest of Yahoo. Yahoo claims that it was given just 24 hours to consider the offer and there was no time for negotiation, the BBC reports. In a statement, Roy Bostock, Yahoo’s chairman, said:… Read More

Billionaire investor Carl Icahn is busily leading a shareholder revolt against Jerry Yang and Yahoo's current management, irritated that the company turned down a $45 billion-plus payday to sell the company to Microsoft. Icahn's plan to rectify the situation includes replacing Yahoo's board of directors with his own slate at the company's shareholder meeting in August, then taking Yahoo back to Microsoft and trying… Read More

The Wall Street Journal and other media outlets are reporting (subscription required) That Microsoft has approached media companies Time Warner and News Corp. about going in together on a deal to buy out struggling Internet company Yahoo—and then divide the spoils amongst themselves in a series of moves that would effectively dismantle Yahoo. The Wall Street Journal describes the talks as “preliminary” and unlikely to… Read More

In a letter to shareholders, Yahoo is extolling the results of its recent advertising partnership with Google, claiming the arrangement will result in anywhere from $250 to $450 million in cash flow during its first year. And while the letter doesn't take the idea of a merger with Microsoft off the table entirely, it certainly paints Google as a more desirable partner than Microsoft—a stance that's sure to further rankle… Read More

In the wake of Microsoft's aborted $47.5 billion attempt to take over Internet giant Yahoo, a series of notable Yahoo executives have announced they're leaving the company—and, in some cases, have no idea what they'll do next. The departures hit as Yahoo's leadership tried to convince investors and partners that the company's future earnings potentially is at least equal to the money the company turned… Read More

Investor Carl Icahn isn’t a happy man. The billionaire investor has his sights set on ousting the Yahoo board over their handling of the Microsoft acquisition offer. His latest strategy has been to write to the current chairman, Roy Bostock, attacking him over the so-called “poison pill” idea the board apparently inaugurated as a deterrent to a Microsoft takeover. The poison pill strategy would effectively encourage… Read More

Yahoo is still being tossed by turbulence in the wake of its abortive acquisition by Microsoft Corporation. Although the two companies are said to be in talks about Microsoft perhaps acquiring Yahoo's Internet search business—and Yahoo wants everyone to know it is still open to transactions with Microsoft—the company is facing a shareholder revolt led by mega-investor Carl Icahn, who has launched a proxy battle to replace… Read More

The dance between Microsoft and Yahoo appears to be entering a new movement, as Microsoft's proposed "alternative" to an outright acquisition of Yahoo looks to be an offer to buy out the company's Internet search business, and possibly take a minority stake in the company. Reports from Reuters, other industry outlets, and sources in both companies point to a new deal forging an alliance between the two companies… Read More