Carl Icahn raises his stake in Yahoo

AP
 

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Icahn has been among the loudest voices arguing for a new direction at Yahoo. He threatened to nominate a new slate of directors after the Sunnyvale, Calif., company rejected a $47.5 billion takeover offer from Microsoft this summer. Yahoo gave him a seat on its board and two other slots for members of his choosing.

Microsoft head Steven A. Ballmer, after making two unsuccessful bids, now says he isn't interested in buying the whole company, though he has expressed interest in the search business.

© 2008

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Member Comments

  • Posted By: bbwolf2006 @ 05/17/2008 4:18:40 PM

    i think YAHOO will be bought by Microsoft in the future not long.

  • Posted By: bbwolf2006 @ 05/17/2008 4:17:24 PM

    i think YAHOO will be bought by Microsoft in the future not long.

  • Posted By: hope-3 @ 05/15/2008 9:42:00 PM

    Poor yang such a sentimental fool I guess no one ever told him he was working for the shareholders.Lets see if yang can hold off icahn.

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