Posted By Rich Miller On July 7, 2008 @ 10:44 am In Yahoo | Comments Disabled
We haven’t been posting every twist and turn in the seemingly eternal on-again, off-again Microsoft-Yahoo takeover saga. But this morning’s developments are significant. Microsoft now says that efforts by dissident Yahoo shareholder Carl Icahn to replace the Yahoo board could accelerate a Microhoo merger. In throwing its weight behind Icahn’s proxy battle  for control of the Yahoo board, Microsoft is taking its case to Yahoo’s shareholders, who may soon have the chance to cast the deciding vote in whether the company will continue on its own or be bought by Microsoft.
Check out the full statements from Microsoft  and Icahn  for more details. Meanwhile, the UK’s Times Online  reports that Yahoo spent the July 4 holiday weekend in discussions with Goldman Sachs and Time Warner about defensive partnerships.
Article printed from Data Center Knowledge: http://www.datacenterknowledge.com
URL to article: http://www.datacenterknowledge.com/archives/2008/07/07/microsoft-icahn-align-interests-on-yahoo/
URLs in this post:
 Icahn’s proxy battle: http://www.techcrunch.com/2008/07/07/microsoft-signals-it-would-rather-talk-to-an-icahn-controlled-yahoo/
 Microsoft: http://biz.yahoo.com/prnews/080707/aqm056.html
 Icahn: http://biz.yahoo.com/prnews/080707/nym046.html
 Times Online: http://business.timesonline.co.uk/tol/business/industry_sectors/technology/article4281977.ece
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
Copyright © 2012 Data Center Knowledge. All rights reserved.