Yang Slams 'Destabilizing' Microsoft Plan

CEO accuses Icahn-allied giant of pretending to want deal
By Rob Quinn,  Newser Staff
Posted Jul 9, 2008 8:49 AM CDT
Exterior view of Yahoo headquarters in Sunnyvale, Calif., Wednesday, July 2, 2008.    (AP Photo/Paul Sakuma)
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(Newser) – Yahoo CEO Jerry Yang launched a fresh offensive in the Yahoo-Microsoft war of words yesterday, reports the Wall Street Journal. Microsoft has said it would be interested in reopening merger talks if Yahoo's current board was replaced—but the Yahoo co-founder accuses the company of tactics to destabilize Yahoo without any real interest in cutting a deal.

Yang also hit out at activist investor Carl Icahn, who is waging a proxy battle to unseat Yahoo's entire board at its August 1 meeting, and plans to replace Yang if he succeeds. "To trust Mr. Icahn and his board is really a bad choice," Yang said. "I can bring stability back to Yahoo. The destabilizing by Microsoft has become more and more intentional. I am not happy about it."