... And the Story Continues!
Techtree News Staff, May 16, 2008 2002 hrs IST
Activist shareholder Icahn has threatened to lead a shareholder mutiny against Yahoo! CEO Jerry Yang and the Yahoo! Board if they don't renew negotiations with Microsoft.
Techtree News Staff, May 16, 2008 2002 hrs IST
Activist shareholder Icahn has threatened to lead a shareholder mutiny against Yahoo! CEO Jerry Yang and the Yahoo! Board if they don't renew negotiations with Microsoft.
It's not all over between Microsoft and Yahoo! despite the former very publicly announcing walking away from the deal that refused to be.
Here's why? Yahoo! shareholder and billionaire investor Carl Icahn has threatened to lead a shareholder mutiny of sorts to oust Yahoo! Chief Executive Jerry Yang and the rest of the Yahoo! Board unless they pursuade Microsoft to revive its last offer of $47.5 billion. Icahn has notified Yahoo! that unless its Board renews negotiations with Microsoft, that fell apart May 3 after both sides did not agree on a price, Yang and company would be effectively jettisoned out of Yahoo!.
In a reply to Icahn, Yahoo! Chairman Roy Bostock has suggested that the company is geared to battle the activist shareholder. Bostock has criticized Icahn for harboring a 'significant misunderstanding of facts' about Microsoft's offer and about the Yahoo! Board's response. Bostock has stressed that Yahoo! remains open to a sale "if it (sale) offers their stockholders full and certain value".
Agreed. Sometimes Techtree gets too practical with the images. How can they have this image at the front of their website? Wierd choice!
by Rocky, Mumbai, on May 19, 2008 11:55 AM, Report abuse
by kprc, Salem, on May 18, 2008 05:34 AM, Report abuse Reply
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what a horrible image
by quadmaniac, motocity, on May 19, 2008 07:11 AM, Report abuse Reply