Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Yahoo Says Icahn Doesn't Understand Full Picture

Billionaire investor launches bid to oust board

By Kevin Spak, Newser Staff

Posted May 15, 2008 9:28 PM CDT

(Newser) – Hours after Carl Icahn began his quest to take over Yahoo’s board, the company issued a statement saying he has a "significant misunderstanding" of the recent Microsoft purchase offer, the Wall Street Journal reports. Icahn wants to unseat the current Yahoo board, replace... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Japanese Artist Serves Up Own Cooked Genitals

Wall Street Journal (Source Grid »)

The full text of Icahn's letter
New York Times

Meet Carl Icahn: the original corporate raider
Telegraph (UK)

Is Icahn Yahoo's savior... or a fool?
Wired

Money

Yahoo • Microsoft • Mark Cuban • Carl Icahn • mergers and acquisitions • proxy battle

More Newser Stories

Icahn: Yahoo Poison Pill 'Reprehensible'

But pricey severance plan kicks in if Icahn wins proxy fight, Yahoo says

(NEWSER) - Billionaire investor Carl Icahn yesterday called Yahoo’s poison-pill severance plan, designed to deter hostile takeovers, “reprehensible,” the Wall Street Journal reports, but Yahoo said the measure would kick in if Icahn wins control of the board. "Now they found a way to entrench themselves forever," Icahn said, even as a shareholder group went to court to block the plan. More»

Yang Slams 'Destabilizing' Microsoft Plan

CEO accuses Icahn-allied giant of pretending to want deal

(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. More»

Icahn: Microsoft Will Only Negotiate With Me

Board must be replaced, Ballmer says

(NEWSER) - Carl Icahn says Microsoft is still in the hunt to acquire Yahoo, but only if the board is replaced, the Wall Street Journal reports. Icahn says Microsoft CEO Steve Ballmer “made it abundantly clear” to him that he wouldn’t talk with Yahoo’s current board, which he fears will run the company into the ground before antitrust authorities agree to a merger. More»

Yahoo's Defensive Stance: Microsoft 'Inconsistent' in Bid

Company gives take on negotiation as clock ticks on Icahn proxy fight

(NEWSER) - As it tries to fend off investor Carl Icahn's attempt to replace its board of directors, Yahoo today presented its version of buyout negotiations with Microsoft to shareholders, MarketWatch reports. Yahoo portrayed Microsoft as “unresponsive, inconsistent,” and loose on logistic details of the proposed merger. "The record casts doubt on whether Microsoft was ever committed to a whole company acquisition," its report said. More»

Yahoo Chair Hits Back at Icahn

Says corporate raider 'grossly' distorted, lacks 'credible plan' other than Microsoft sale

(NEWSER) - The chairman of Yahoo's board was quick to fire back at accusations leveled by Carl Icahn yesterday, reports the New York Times. An open letter from Roy Bostock to the corporate raider said Icahn's claim that Yahoo's board had sabotaged a Microhoo deal grossly distorted the board's position, and went on to trash Icahn's "puzzling" plans for Yahoo. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Yahoo Says Icahn Doesn't Understand Full Picture

Billionaire investor launches bid to oust board

Yahoo • Microsoft • Mark Cuban • Carl Icahn • mergers and acquisitions • proxy battle

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Icahn: Yahoo Poison Pill 'Reprehensible'

But pricey severance plan kicks in if Icahn wins proxy fight, Yahoo says

Yang Slams 'Destabilizing' Microsoft Plan

CEO accuses Icahn-allied giant of pretending to want deal

Icahn: Microsoft Will Only Negotiate With Me

Board must be replaced, Ballmer says

Yahoo's Defensive Stance: Microsoft 'Inconsistent' in Bid

Company gives take on negotiation as clock ticks on Icahn proxy fight

Yahoo Chair Hits Back at Icahn

Says corporate raider 'grossly' distorted, lacks 'credible plan' other than Microsoft sale

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?