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October 7, 2008 11:12:45 PM CDT


Stories related to: Carl Icahn

Stories

Stories 1 - 20 of 39

  • September 2008
    • Yahoo Board OKs New Round of AOL Talks

      Yahoo Board OKs New Round of AOL Talks

      (Newser) - A Yahoo board of directors now stocked with allies of activist investor Carl Icahn cleared the way yesterday for reigniting talks on combining with AOL, the Financial Times reports. Time Warner’s chief is eager to decide AOL’s future “fairly soon,” but is hoping Microsoft will join any deal. Icahn says Yahoo also has “to do something with Microsoft, or Google is going to kill them.” More »

      Tags

      Yahoo   merger   AOL   Time Warner   Carl Icahn   Viacom   Nextel

  • July 2008
    • Bristol-Myers Makes Bid for Icahn's ImClone

      Bristol-Myers Makes Bid for Icahn's ImClone

      (Newser) - Already a 17% shareholder, Bristol-Myers Squibb laid down a $4.5 billion offer to buy the  rest of ImClone shares, the Wall Street Journal reports. The $60-a-share offer, sent to ImClone chairman Carl Icahn today, is a 29% premium on yesterday's closing price and makes Bristol the second pharma giant to gun for its biotech partner in as many weeks. More »

    • An Independent Yahoo Is Hard to Imagine

      An Independent Yahoo Is Hard to Imagine

      (Newser) - Yahoo’s earnings report yesterday didn’t portend an immediate turnaround, Catherine Holahan writes in BusinessWeek , meaning the company must do something to meet the “grandiose claims” it made in rejecting Microsoft’s bid. Some still see Yahoo ultimately taking that path, and expanding its deal with Google is another option that might justify Yahoo standing firm on its third-quarter and yearly forecasts. More »

      Tags

      Google   Microsoft   Yahoo   search engine   Carl Icahn

    • Deal Puts Icahn on Yahoo Board

      Deal Puts Icahn on Yahoo Board

      (Newser) - Yahoo will add two seats to its board of directors and put Carl Icahn in one of them, reports the Wall Street Journal, in a deal that ends Icahn’s proxy fight. Eight of Yahoo’s current board members, including CEO Jerry Yang, will keep their seats, while a ninth will resign. The board will select two members of Icahn’s proxy slate to fill his seat, and the newly created one. More »

      Tags

      Yahoo   Jerry Yang   Carl Icahn   proxy battle   board of directors

    • Yahoo Takes Icahn Fight to Homepage

      Yahoo Takes Icahn Fight to Homepage

      (Newser) - A new button on Yahoo's homepage links users to the company's case against activist investor Carl Icahn, PC World reports. Icahn is seeking to unseat Yahoo's board at its Aug. 1 general meeting. The page links to voting forms and leaves shareholders in no doubt how the company thinks they should vote: A purple banner carries the Icahn quote, "It's hard to understand these technology companies." More »

      Tags

      Yahoo   Jerry Yang   shareholders   Carl Icahn   proxy battle   takeover bid

    • Yahoo Snubs Microsoft-Icahn Takeover Bid

      Yahoo Snubs Microsoft-Icahn Takeover Bid

      (Newser) - Yahoo has rejected another takeover push, this time from Microsoft and investor Carl Icahn, the Wall Street Journal reports. The bidders gave the Internet giant less than 24 hours to decide on an offer that would sell its search component to Microsoft and the rest of the company to Icahn in a move that would have required Yahoo to dump its current board. More »

      Tags

      Microsoft   Yahoo   Carl Icahn   takeover bid   Roy Bostock

    • Yang Slams 'Destabilizing' Microsoft Plan

      Yang Slams 'Destabilizing' Microsoft Plan

      (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 »

      Tags

      Microsoft   Yahoo   Jerry Yang   Carl Icahn   proxy battle   takeover bid

    • Icahn: Microsoft Will Only Negotiate With Me

      Icahn: Microsoft Will Only Negotiate With Me

      (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 »

      Tags

      Microsoft   Yahoo   mergers and acquisitions   Carl Icahn   Steve Ballmer

    • Microsoft Preps a New Run at Yahoo

      Microsoft Preps a New Run at Yahoo

      (Newser) - Microsoft is back in pursuit of Yahoo, the Wall Street Journal reports, with the company in talks with both News Corp. and Time Warner as potential partners for a restructured deal to buy the search giant . Yahoo has been in Microsoft’s sights for nearly six months, but initial efforts to buy the entire company collapsed, and Microsoft has since been looking instead to acquire the search business and spin off the rest. More »

      Tags

      Google   Microsoft   Yahoo   Carl Icahn   takeover bid

  • June 2008
    • Yahoo's Defensive Stance: Microsoft 'Inconsistent' in Bid

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

      (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 »

      Tags

      Microsoft   Yahoo   Carl Icahn   proxy battle   takeover bid

    • Yahoo Defends Rejection of Alternate Microsoft Offer

      Yahoo Defends Rejection of Alternate Microsoft Offer

      (Newser) - Yahoo yesterday launched an offensive against billionaire Carl Icahn’s attempt to displace the board, detailing in a letter to shareholders why accepting Microsoft’s alternative $8-billion search-only deal would have diminished Yahoo’s value and hurt the company strategically, reports MarketWatch. CEO Jerry Yang and Chairman Roy Bostock said the proposal, in which Microsoft would have invested $8 billion in Yahoo, would have tied Yahoo to Microsoft for 10 years. More »

      Tags

      Google   Microsoft   Yahoo   Jerry Yang   Carl Icahn   Roy Bostock

    • Yang's First Year Leaves Many 'Disillusioned'

      Yang's First Year Leaves Many 'Disillusioned'

      (Newser) - Yahoo’s stock has slipped 16.5%, the company might as well be wearing a sign that says “take me over,” and there’s a line of shareholders waiting to sue for what they say was a mishandled non-deal with suitor Microsoft, Fortune reports—not quite the scenario Jerry Yang likely envisioned when he took over as CEO a year ago yesterday. More »

      Tags

      Yahoo   Jerry Yang   Carl Icahn   proxy battle   shareholder revolt

    • Icahn: Yahoo Poison Pill 'Reprehensible'

      Icahn: Yahoo Poison Pill 'Reprehensible'

      (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 »

      Tags

      Microsoft   Yahoo   mergers and acquisitions   Carl Icahn   proxy battle

    • Icahn Again Skewers Yahoo

      Icahn Again Skewers Yahoo

      (Newser) - Investor Carl Icahn broadened his attacks on Yahoo today, targeting not only the recent failure of a Microsoft takeover deal but longtime performance issues, the Wall Street Journal reports. "Why did you permit Google to leave you in the dust?" he wrote to the board. More »

      Tags

      Google   Microsoft   Yahoo