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Update Icahn mulling Yahoo proxy fight: related news
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icahn update yahoo fight mulling proxy
Billionaire investor Carl Icahn wants Yahoo to re-establish talks with Microsoft and is willing to wage a proxy fight to force the company back to the negotiating table
in Top Internet
via InfoWorld @ 10:08 14th May
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narramissic and several others have written to point out that Carl Icahn has initiated a proxy battle with Yahoo's board of directors over their rejection of Microsoft's bid for the company in February. Icahn has purchased millions of Yahoo shares over the past week and assembled a group of nine other investors (including Mark Cuban) to persuade the board to resume talks with Microsoft. Yahoo remains unimpressed. Icahn's letter to Yahoo accuses: "It is unconscionable that you have not allowed your shareholders to choose to accept an offer that represented a 72% premium over Yahoo's closing price of $19.18 on the day before the initial Microsoft offer. I and many of your shareholders strongly believe that a combination between Yahoo and Microsoft would form a dynamic company and more importantly would be a force strong enough to compete wi
in Web Developer
via Slashdot @ 7:31 16th May
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Billionaire investor Carl Icahn wants Yahoo to re-establish talks with Microsoft and is willing to wage a proxy fight to force the company back to the negotiating table
in Top Internet
via InfoWorld @ 22:43 13th May
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Icahn: ‘Sorry, Can’t Talk Yahoo Proxy Fight On My Blog—But Stay Tuned For Comments On Management’
in Blog Watch
via PaidContent.org @ 16:06 29th Jun
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fistfullast33l writes "Bloomberg is reporting that a recently unsealed court case by shareholders against Yahoo reveals that Microsoft offered $40 a share for the Internet search company in January 2007 and Yahoo turned it down. We've extensively discussed Microsoft's bid for Yahoo earlier this year for $33 a share, which was rebuffed. Investor Carl Icahn has launched a proxy fight against Yahoo over the spurning of the Microsoft deal." CWmike notes of Computerworld's coverage of the revelations: "The complaint places much of the blame on [Yahoo CEO Jerry] Yang, describing him as someone with a 'well-known' antipathy toward Microsoft who acted out of a personal interest to keep Yahoo independent. Something wrong with that? Oh, yeah... public company.
in Web Developer
via Slashdot @ 19:26 3rd Jun
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The spat between Icahn and Yahoo (NSDQ: YHOO) really should be taking place in the comments section of a blog, given how repetitive and unproductive it is. Today the war of public letters continues where it left off Friday, as Icahn has sent another missive to the Yahoo chairman Roy Bostock. Icahn’s argument this time (paraphrased): ‘I do have a plan, and you are mis-stating my position when you say I don’t.’ On the case for replacing Yang: “It is extremely important to note that Google (NSDQ: GOOG) hired a great operator as a CEO who helped to transform the Company into a giant at the expense of Yahoo! According to publicly available financial information, while Google’s income from operations grew 59% per year over the last two years, Yahoo!’s income from operations shrank 21%.
in Search Engines
via PaidContent.org @ 18:09 9th Jun
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The pressure for Yahoo to knuckle under and do a deal with Microsoft just keeps rising. This morning, Microsoft said in a statement that it’s willing to return to the table for a new deal—either for Yahoo’s search operations or even for the whole company—if a new board proposed by activist financier Carl Icahn is elected at Yahoo’s Aug. 1 annual meeting.
in Top Tech
via Business Week @ 14:56 7th Jul
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Carl Icahn is proceeding with his plans force Yahoo back to the bargaining table with Microsoft; along with other large investors, he could unseat Yahoo's entire board
in Top Internet
via InfoWorld @ 22:38 14th May
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Could this be the beginning of the end for Yahoo? Yahoo's interest in a search deal with Google was initially viewed as a poison pill move to thwart efforts of Microsoft to acquire Yahoo. I certainly saw it that way as did many others. Yahoo has continued down this path, announcing a deal with Google late Thursday afternoon. The deal basically outsources Yahoo's search ad placement to Google AdSense. Hey, I use AdSense on my personal blog, so why shouldn't Yahoo! The more the merrier I always say.
in Search Engines
via NetworkWorld @ 16:57 13th Jun
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Yahoo is preparing for a hot and heated summer. In anticipation of a proxy fight with billionaire activist Carl Icahn, the company delayed its annual shareholder meeting from July 3 to around the end of the month.
in Top Internet
via Fortune @ 0:02 23rd May
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Yahoo is accelerating the process of launching an expanded Google deal to stave off investor Carl Icahn's board takeover attempt and a resulting Microsoft buyout, say alleged sources for the New York Post. The renewed threat of a Microsoft acquisition has supposedly led Yahoo to step up plans that would let any company make bids for ad placements on Yahoo's search system, effectively rewarding Google by handing the bulk of sales to the most dominant ad provider.
in Search Engines
via Electronista @ 18:56 16th May
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Icahn, the billionaire corporate raider, launched a battle for control of Yahoo's board of directors in the hopes of forcing a sale to Microsoft. In a letter to Yahoo (YHOO, Fortune 500), Icahn said he would nominate 10 directors to replace Yahoo's existing board at the company's annual meeting in early July. Shareholders have until the end of the day Thursday to nominate an alternate slate.
in Top Internet
via Fortune @ 13:43 15th May
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In his latest missive targeting Yahoo's Roy Bostock, Carl Icahn claims the Yahoo chairman needs to justify his salary and release his time sheets
in Top Internet
via InfoWorld @ 0:56 10th Jun
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Yahoo! has made available its mobile search service Yahoo! oneSearch to Rogers Wireless and Fido customers across Canada. Yahoo! oneSearch is specifically designed for mobile devices, delivering relevant results directly in the first screen. Yahoo! oneSearch also gives consumers access to news, financial information, weather conditions, Flickr photos, web images, as well as web and mobile websites. Yahoo! oneSearch also allows Rogers customers to shop in a catalogue of several ringtunes, games, graphics and other content which will be made available in the search results. This announcement builds on the expanded Rogers Communications and Yahoo! multi-year mobile, broadband and PC search agreements announced late last year.
in Search Engines
via Telecom.paper @ 10:15 14th May
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Yahoo! has just released its first-quarter earnings numbers, and neither the market nor analysts are impressed. What will be the company's next move? Multiple suitors claim that they can leverage Yahoo!'s online products and talented employees better than Yahoo!'s widely criticized management is doing. The leading bidder is Microsoft, whose $40 billion offer it is prepared to take directly to Yahoo! shareholders via a proxy fight. Other proposals said to be in the running are an advertising collaboration with Google, a merger with AOL, and a possible deal involving News Corp (including MySpace).
in Search Engines
via Capitalism Magazine @ 0:29 2nd May
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snydeq writes with a story from InfoWorld which says that "Yahoo has ended its talks with Microsoft and is instead nearing an agreement with Google. Yahoo's purported reason for breaking off the talks? That Microsoft was only interested in purchasing Yahoo's search business, not all of the company. 'Such a transaction would not be consistent with the company's view of the converging search and display marketplaces, would leave the company without an independent search business that it views as critical to its strategic future and would not be in the best interests of Yahoo stockholders,' the company said in a statement. The deal with Google allegedly involves Yahoo's search advertising business. The move likely will draw more ire from Icahn and may in fact remain part of the elaborate poker game between the two companies.
in Web Developer
via Slashdot @ 2:03 13th Jun
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Many Yahoo (YHOO) shareholders thought that Microsoft (MSFT) wasn’t done with Yahoo even when it said that it was walking away from the takeover bid. Some investors such as billionaire Carl Icahn decided to take matters into their own hands and work on a hostile takeover of Yahoo. Now Microsoft has come back to Yahoo and proposed a deal which would involve some sort of partnership or joint-venture rather than a full Microsoft takeover of Yahoo.
in Computer Games
via Seeking Alpha @ 4:48 20th May
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Microsoft dropped bid for all of Yahoo! on 8 June and launched a bid of USD 1 billion for Yahoo!'s search business and a share of future search advertising revenue. This proposal also included an USD billion investment in Yahoo! but required Yahoo! to commit to a 10-year exclusive arrangement, according to a letter sent to Yahoo! stockholders by CEO Jerry Yang and Chairman Roy Bostock. The letter explains the reasons for Yahoo! to sign a four year non-exclusive deal with Google for online advertising services and to end the talks with Microsoft, as their search-only hybrid proposal may have been helpful to Microsoft. The board and its advisers also carefully studied the financial impact of Microsoft's proposal and concluded that it would have provided no meaningful improvement to the operating cash flow.
in Search Engines
via Telecom.paper @ 6:07 28th Jun
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In the latest developments between Microsoft (NSDQ: MSFT) and Yahoo (NSDQ: YHOO), Reuters reports that the two parties are now focused on arriving at a value for Yahoo’s search business, and that discussions could end in the “next week or so.” The story, which quoted an unnamed person familiar with the matter, said in the latest scenario, Microsoft is proposing to buy Yahoo’s search business and take a minority stake in the company after Yahoo sells off its Asian assets. But apparently, the complicated part is in determining a price. The source explained that any amount “would be tied to how revenue-sharing and other deal terms are structured.” Two possibilities: Microsoft may pay Yahoo for search queries and traffic acquisition costs and Yahoo may seek guarantees on the rate Microsoft will pay and a specific time commitment f
in Search Engines
via PaidContent.org @ 1:24 5th Jun
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The bad news just doesn't seem to end for Yahoo. As the Internet portal prepares to fend off a proxy fight by billionaire investor Carl Icahn, new research from comScore concludes that for the first time, Google has overtaken Yahoo as the most-visited Web site in the U.S. Google reached the pinnacle of the Top 50 U.S. Properties in April, with an audience of 141 million visitors, according to data from comScore's monthly analysis. Yahoo and its affiliated sites ranked second, with 140.6 million visitors, followed by Microsoft sites with 121.2 million visitors.
in Search Engines
via Neowin.net @ 17:45 17th May
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Another big investor is riding Carl Icahn’s coattails on Yahoo (YHOO). T. Boone Pickens bought 10 million shares of the Internet giant after Icahn last week announced his intention to replace the Yahoo board, in hopes of brokering a merger with Microsoft (MSFT). Pickens follows hedge fund manager John Paulson, who bought 50 million Yahoo shares in the first quarter and said last week that he was disappointed with Yahoo’s handling of Microsoft’s approach.
in Top Internet
via Fortune @ 14:26 20th May
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Yahoo fired back Thursday at activist investor Carl Icahn, claiming he misunderstood the talks the company had with Microsoft and that Yahoo's board, not Icahn, was looking out for shareholders.
in Top Tech
via SiliconValley.com @ 6:58 16th May
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So far, so good for Carl Icahn’s big bet that Microsoft (MSFT) and Yahoo (YHOO) will go back to the table. Yahoo shares rose 1% in premarket trading Monday, a day after Microsoft said it has proposed a new deal “that would involve a transaction with Yahoo but not an acquisition of all of Yahoo.” In response, Yahoo reiterated that it doesn’t want to be acquired but remains “open to pursuing any transaction which is in the best interest of our stockholders.”
in Top Internet
via Fortune @ 13:05 19th May
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Ian Lamont writes "Microsoft has come back to Yahoo with a new offer that would involve it buying part of Yahoo. No details have been released, but sources told the Wall Street Journal that part of the arrangement would involve Microsoft selling display ads next to Yahoo search results. No word yet on how this will impact Carl Icahn's proxy war with Yahoo's board."
in Web Developer
via Slashdot @ 15:34 19th May
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Edward Kozell has resigned from Yahoo's board, and the company has pushed back its board meeting as it deals with Carl Icahn's threatened proxy fight
in Top Internet
via InfoWorld @ 10:18 23rd May
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