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icahn: search

Icahn-Yahoo declare truce

Activist investor Carl Icahn will join Yahoo’s (YHOO) board in a deal that ends a proxy fight that threatened to throw the Internet giant into deeper uncertainty. Under the agreement, one Yahoo director - Activision (ATVI) chief Robert Kotick - won’t stand for re-election, while Icahn will become a director and the board will choose two more nominees from a list of nine candidates. That list comprises the eight members of Icahn’s proposed board slate and Jonathan Miller, the former chief of AOL. The settlement will give Icahn, who owns about 5% of the stock, a sizable voice on the board.

Yahoo turns down Microsoft/Icahn search bid

Yahoo late Saturday revealed that it has rejected a purportedly aggressive joint bid proposed by Microsoft and investor Carl Icahn. The deal would have seen both the Windows developer and Icahn buy Yahoo's search business and significantly restructure Yahoo to potentially improve its remaining businesses, including the replacement of the board of directors with Icahn's own slate and remove the "top management team" at the company, which most observers believe would include Yahoo chief Jerry Yang as well as others known to have opposed any of Microsoft's earlier offers for takeovers and partial buyouts.

YAHOO SPURNS JOINT MICROSOFT-ICAHN BID TO REVAMP FIRM, ACQUIRE SEARCH BUSINESS

TEL AVIV (MarketWatch) -- Yahoo Inc. said late on Saturday that it rejected a restructuring proposal from Microsoft Corp. and the investor Carl Icahn, and the Sunnyvale, Calif., Internet-services giant called on Microsoft to bid for the whole company. Yahoo said the Microsoft-Icahn plan, which it said would turn Yahoo's search business over to the Redmond, Wash., software giant and the rest over to the New York investor, was presented as a take-it-or-leave it proposition. "This odd and opportunistic alliance of Microsoft and Carl Icahn has anything but the interests of Yahoo's stockholders in mind," Yahoo Chairman Roy Bostock said in a statement. Yahoo said that while it rejected the restructuring, it offered two alternatives: "It repeated its offer to sell the entire company to Microsoft for at least" $33 a share, and it "offered to nego

Yahoo Rejects Another Bid From Microsoft, Icahn

Last night Yahoo rejected another offer for its search business from Microsoft and investor Carl Icahn. The proposal also included conditions that would have required the replacement of Yahoo's top management and board of directors. This is not the first time Icahn has pushed for such a measure. Quoting: "Yahoo said in rejecting the offer it told Microsoft it was willing to sell the entire company for at least $33 a share and its board believed such a deal could be negotiated and executed before its annual shareholders meeting on August 1. Yahoo said it also informed the software giant it remained willing to negotiate an 'improved search only transaction.' Microsoft, however, rejected both offers, Yahoo stated."

Yahoo Says No to Search Buyout, Restructuring Proposal by Microsoft, Icahn

Yahoo has rejected yet another offer from both Microsoft and Carl Icahn. On Friday, Microsoft offered to buy its search business if CEO Jerry Yang and his board were replaced by Carl Icahn and directors of his choice.

Frank Biondi and John Chapple Join Yahoo Board of Directors

In accordance with the terms of the settlement with Carl Icahn, Yahoo has added two more board members to complete the expansion to 11. Frank Biondi and John Chapple, who previously were members of Icahn's proxy board, have been appointed just two weeks after Icahn's appointment was made official. 8 of Yahoo's previous board stayed on for the deal.

Icahn: 'Sorry, Can't Talk Yahoo Proxy Fight On My Blog-But Stay Tuned For Comments On Management'

Icahn: ‘Sorry, Can’t Talk Yahoo Proxy Fight On My Blog—But Stay Tuned For Comments On Management’

Icahn Would Sell Yahoo's Search Business to Microsoft for $1 Billion

Under Icahn's plan, Microsoft also would pay billions of dollars to become the exclusive search provider on all Yahoo sites for a term of 5 years.

Icahn Hires Reporter to Write for His Blog

Carl C. Icahn took his first steps into the Internet earlier this year by beginning a blog. Now he’s about to get some help.

Icahn pushes Yahoo to get new board

Software giant says Carl Icahn's campaign to replace Yahoo board would encourage Microsoft to renew its takeover bid for search engine.

Icahn, Yahoo dispute size of Microsoft search offer

Yahoo and investor activist Carl Icahn threw proverbial punches at each other Monday, disputing the validity of the value assessments each put on Microsoft's failed sweetened bid to acquire just the search assets of Yahoo.

Icahn and Ballmer agree sale of Yahoo's search business

The already bitter battle between rogue investor Carl Icahn and the Yahoo board took a turn for the worst over the weekend.

Icahn and Ballmer agree sale of Yahoo's search business

The already bitter battle between rogue investor Carl Icahn and the Yahoo board took a turn for the worst over the weekend.

Icahn and Ballmer agree sale of Yahoo's search business

The already bitter battle between rogue investor Carl Icahn and the Yahoo board took a turn for the worst over the weekend.

Icahn and Ballmer agree sale of Yahoo's search business

The already bitter battle between rogue investor Carl Icahn and the Yahoo board took a turn for the worst over the weekend.

Icahn and Ballmer agree sale of Yahoo's search business

The already bitter battle between rogue investor Carl Icahn and the Yahoo board took a turn for the worst over the weekend.

Icahn and Yahoo Trade Barbs

Say what you want about Yahoo’s tense dealings with Carl Icahn — at least the two sides have no trouble saying how they really feel about each other.

Icahn, Ballmer pair up, talk Microhoo; Push to boot Yang and Yahoo's board

Tags: Transaction, Steve Ballmer, Board, Yahoo! Inc., Microsoft Corp., Activist Investor Carl Icahn, Corporate Governance, Business Operations, Corporate Law, Larry Dignan

Icahn, Ballmer plot to boot Yang, Yahoo board

Tags: Transaction, Steve Ballmer, Board, Yahoo! Inc., Microsoft Corp., Activist Investor Carl Icahn, Corporate Governance, Business Operations, Corporate Law, Larry Dignan

Icahn: Microsoft Deal Possible if Yahoo Board Goes

In a new letter to shareholders on Monday, the activist investor once again dangled the prospects of Microsoft returning to the negotiating table for at least a piece of Yahoo. After admitting before that Steve Ballmer didn’t even take his phone calls, Mr. Icahn now writes that he has had several conversations with the Microsoft chief executive and key lieutenants, some lasting “as long as an hour.”

Yahoo settles with Icahn on board members

Carl Icahn will take a seat on Yahoo's board; still contends that selling all or part of the company 'must be given full consideration'

Microsoft-Icahn's Yahoo search proposal improvements, as big as a bread box?

While Microsoft and Carl Icahn's joint-proposal was rejected by Yahoo on Saturday, some components of the transaction remained the same and others were given growth hormones, according to sources familiar with the companies.

Yahoos shouldn't underestimate Icahn

Carl Icahn doesn't use e-mail, but he knows a thing or two about savvy dealmaking. Just ask Microsoft CEO Steve Ballmer.

Why Yahoos shouldn't underestimate Icahn

Carl Icahn doesn't use e-mail, but he knows a thing or two about savvy dealmaking. Just ask Microsoft CEO Steve Ballmer.

Yahoo, Icahn settle proxy fight

Tags: Board, Yahoo! Inc., Carl Icahn, Corporate Governance, Business Operations, Corporate Law, Larry Dignan


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