Carl Icahn resigns from Yahoo board
Carl Icahn has announced that he is resigning from the board of Yahoo.
He had joined the company board last year with the aim of forcing the company to sign a deal with Microsoft.
Icahn said that Yahoo does not need an activist investor as a director at this [...]
Carl Icahn sold some stake in Yahoo
Carl Icahn is one of the biggest individual investor in the internet media giant Yahoo.
Icahn has now revealed that he recently sold 12.7 million shares to bring down his ownership to around 4.5 percent.
These shares were sold at prices ranging between $14.74 and $14.93.
Incidentally, Icahn had [...]
Carl Icahn still wants a deal between Yahoo and Microsoft
Carl Icahn owns around 5% of Yahoo and he has expressed his support for a possible deal between Microsoft and Yahoo.
Industry sources have claimed that the two companies have begun talks once again for a possible deal on search related operations.
Yahoo and Microsoft [...]
Carl Icahn not interested in partial sale of Yahoo assets
Yahoo stock holder and billionaire investor Carl Icahn has said that he would not want Yahoo to sell parts of itself to rumored parties like former AOL Chief Executive Jonathan Miller or anyone else.
Icahn said that such deals do not put a great value on the [...]
Frank Biondi Jr. and John Chapple now on Yahoo Board
Internet media giant Yahoo has announced two new board members.
The company has selected Frank Biondi Jr. and John Chapple to join their existing board.
Frank Biondi Jr. is the former CEO of Viacom while John Chapple is the former CEO of Nextel Partners.
Yahoo picked up these [...]
Jonathan Miller barred from joining Yahoo
Time Warner has said that they cannot allow their former AOL Chief Executive Jonathan Miller to join Yahoo’s Board.
The company said that a non-compete clause in his original contract prevents him from doing so.
Yahoo had previously named Miller as one of the potential new members on their board [...]
Legg Mason Capital Management supports Yahoo Management
Investors Legg Mason Capital Management has announced that they would back the Yahoo’s Management in the upcoming shareholder’s meeting next month.
They own around 4.4% in Yahoo.
Yahoo is facing pressure from another investor Carl Icahn who wants the company to sell its search business operations to Microsoft.
He aims to [...]
Icahn might get more support from yahoo investors if he promises a minimum sale price
Legg Mason portfolio manager Bill Miller has said in a report that billionaire investor Carl Icahn is likely to find more support from Yahoo Investors if he promises not to sell the company below a certain price.
Legg Mason Capital Management is [...]
WSJ: Microsoft looking for partners for renewed Yahoo bid!
Wall Street Journal has stated that Microsoft is now looking for partners to come out with a new bid that could possibly lead to breakup of Yahoo.
Yahoo is already facing pressure from invest Carl Icahn who wants to replace the company’s board.
The report in the Journal said [...]
Carl Icahn asks Yahoo to offer itself to Microsoft!
Investor Carl Icahn has asked Yahoo to put an offer to Microsoft for an acquisition deal.
He said that the company should make an offer for $49.5 billion.
This is around USD 2 billion higher than the last offer Microsoft made to Yahoo.
Analysts say that this is the [...]
