Yes, it’s the Yahoo – Microsoft story once more, which is beginning to seem like the neverending story. This time a big investor, Ivory Investment Management (IIM), which owns 1.5% of Yahoo, has sent a letter urging the company to pursue a deal to sell its search business to Microsoft.
In the letter, the Guardian reports that IIM managing partner Curtis Macnguyen wrote:
"We believe a search deal with Microsoft could deliver value to Yahoo shareholders of $24-$29 per share, or more than double yesterday’s closing price of $12.19."
