Company buys more time to prepare for proxy battle
Forbes May 23, 08 9:15 AM CDT
(Newser)
-
Yahoo has pushed back its annual shareholder meeting for a second time, reports Forbes , delaying a showdown for control of its board. One of Yahoo's 10 directors resigned yesterday, leaving nine up for re-election at the meeting. Carl Icahn has nominated an alternate slate of directors, including himself, and will try to push through a deal with Microsoft if victorious.
More »
'I'll jump in with Carl'
on proxy issue, he says
Wall Street Journal May 21, 08 7:59 AM CDT
(Newser)
-
Carl Icahn's proxy bid to replace Yahoo’s board won the backing of legendary oilman T. Boone Pickens yesterday, reports the Wall Street Journal, but without a firm offer from Microsoft to acquire Yahoo the effort could still struggle . "I'll jump in with Carl. He goes in first, I jump in behind him," Pickens told CNBC.
More »
Transaction would involved partial purchase of Internet giant
Wall Street Journal May 18, 08 4:05 PM CDT
(Newser)
-
Microsoft is back at Yahoo's bargaining table, this time seeking a partial acquisition of the Internet portal, the Wall Street Journal reports. Buyout talks fizzled earlier this month, but billionaire Carl Icahn's push for a proxy war has left Yahoo honchos feeling shareholder pressure to cut a deal, though today they warned one may not happen.
More »
Updated
Billionaire investor launches bid to oust board
Wall Street Journal May 15, 08 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 it with one of his own, and force the company to try to forge a deal with Microsoft.
More »
Billionaire has lined up 12 people for a new board
Reuters May 14, 08 6:36 PM CDT
(Newser)
-
Billionaire investor Carl Icahn will move ahead with his plan to unseat Yahoo's current board of directors and force a sale to Microsoft, Reuters reports. Icahn, who has bought about 50 million Yahoo shares since Microsoft withdrew its offer May 3, has lined up 12 members for his dissident board ahead of tomorrow's deadline. The move is risky because Microsoft has given no indication whether it will renew its offer for a new board.
More »
Investor's attempt to force Yahoo sale could seriously hurt its value
MarketWatch May 14, 08 2:51 PM CDT
(Newser)
-
Analysts are doubtful financier Carl Icahn could successfully force Yahoo back to the table with Microsoft after taking a stake in the search giant, MarketWatch reports. "A successful proxy battle is a bit like a scorched earth policy,' one analyst says. " You may win the battle but what you ultimately win will be so damaged that it wasn't worth fighting for."
More »
Billionaire investor has bought 50 million shares since Microsoft backed off
Wall Street Journal May 14, 08 8:02 AM CDT
(Newser)
-
Billionaire Carl Icahn, fresh off his successful battle to reshuffle Motorola’s board, may launch a proxy fight for control of Yahoo after buying some 50 million shares of Yahoo since Microsoft’s failed takeover bid, reports the Wall Street Journal . The deadline for board nominations is Thursday. Icahn may be looking to use his leverage to push Yahoo back toward Microsoft, the Journal notes.
More »
Investor has bought 4% interest since Microsoft dropped bid; decision tomorrow
Wall Street Journal May 13, 08 5:39 PM CDT
(Newser)
-
A new player has entered the Microsoft-Yahoo epic, the Wall Street Journal reports: billionaire investor Carl Icahn. He has bought about a 4% stake in Yahoo since Microsoft withdrew its offer to buy on May 3. Icahn will decide by tomorrow whether to launch an attempt to take over Yahoo's board and perhaps force a sale.
More »
Earnings report
Motorola posts larger-than-expected $194M loss
Bloomberg Apr 24, 08 7:59 AM CDT
(Newser)
-
Apple and Nokia chewed away at Motorola’s cellphone market share, pushing the troubled handset maker to a larger first-quarter loss than expected, Bloomberg reports. Moto lost $194 million, or 9 cents a share, and revenues fell 21% to $7.45 billion. The company also issued a bleak forecast for Q2 as handset shipments plunged 40%. Moto plans to spin off its handset unit this year.
More »
Billionaire, company reach truce; Icahn drops proxy threat
Wall Street Journal Apr 8, 08 7:29 AM CDT
(Newser)
-
Carl Icahn, who last month pressured Motorola into selling off its troubled mobile phone division, added win No. 2 yesterday in his battle with the telecommunications equipment maker, as the company agreed to nominate two Icahn’s candidates to its board, the Wall Street Journal reports. Icahn will drop his threatened proxy battle in return.
More »
Company says it will spin off foundering mobile unit that's lost $1.2 billion
Bloomberg Mar 26, 08 8:13 AM CDT
(Newser)
-
Motorola blinked in its showdown with billionaire investor Carl Icahn, announcing this morning it will spin off the foundering mobile-device division that lost $1.2 billion last year and has seen its share of the mobile phone market shrink from 22% to 12%, reports Bloomberg. Moto’s stock rose 6.6% on the news before the markets opened, after losing 45% in the past year.
More »
Billionaire investor sues for board documents in proxy fight
Wall Street Journal Mar 25, 08 6:43 AM CDT
(Newser)
-
Billionaire Carl Icahn is turning up the heat on Motorola in his battle for more control, filing a lawsuit for access to board documents. The move follows his rejection of the company’s offer of two board seats—instead of the four he's seeking—and calling its refusal to seat one of his board candidates “intolerable and reprehensible,” reports the Wall Street Journal . Icahn is waging a proxy battle for the seats prior to Motorola’s May 5 shareholder meeting.
More »
Company struggling against smart phone competition
Wall Street Journal Feb 1, 08 2:50 AM CST
(Newser)
-
Motorola, battered by more innovative competitors in the cell phone industry, is considering spinning off or selling its flagship mobile phone division to concentrate on other parts of its business. Motorola, which once rocked the industry with its innovative StarTAC flip phone and the ultra-slim Razr, now plans to refocus on TV set-top boxes, telecommunications network hardware, police radios and walkie talkies, reports the Wall Street Journa l. But a top executive emphasized Motorola itself "is not for sale."
More »
Top investor wants the
struggling company
to break up
Wall Street Journal Dec 13, 07 8:37 AM CST
(Newser)
-
In an era of rampant telecom convergence, Motorola may be headed the other way. With its once-popular Razr phone leading a money-losing cellphone business, Carl Icahn, the company’s No. 3 shareholder, thinks slicing up the company would create $20 billion in shareholder wealth. The math works, the Wall Street Journal says, but a breakup would also highlight problems in each division.
More »