DealBook (Free subscription) | 07/23/2008
Carl C. Icahn wants you to know that, now that his proxy battle with Yahoo is over, he intends to blog more often. And he hinted that an upcoming post will be inspired by a recent article in The Wall Street Journal. Writing Tuesday on his freshly launched blog, The Icahn Report, the activist investor, who [...]
San Diego Union (Free subscription) | 07/22/2008
SAN FRANCISCO – Yahoo's board and management earned a reprieve after a weekend deal ended a bruising and acrimonious fight for control of the company with Carl C. Icahn, the activist investor. In a deal announced yesterday, Icahn agreed to drop his proxy bid to replace Yahoo's directors in exchange for three seats on an expanded board.
Philadelphia Inquirer (Free subscription) | 07/22/2008
SAN FRANCISCO - Yahoo Inc. averted a showdown with rabble-rousing investor Carl C. Icahn yesterday by giving him three seats on its board of directors in a truce that leaves the door open for a possible sale of the company to Microsoft Corp.
Baltimore Sun (Free subscription) | 07/22/2008
Dissident investor to get 3 of 11 seats on the board Yahoo Inc. and Carl C. Icahn announced yesterday that they had settled their dispute over the makeup of the company's board, striking a compromise that will give the dissident investor and his allies three of the board's 11 seats.
DealBook (Free subscription) | 07/22/2008
Has Jerry Yang, Yahoo’s embattled chief executive, played a part in picking his own successor? As part of the deal Yahoo reached with activist investor Carl C. Icahn to end a bruising and acrimonious fight for control of the company, one of three seats on the company’s expanded board to go to outside candidates is expected [...]
Bits (Free subscription) | 07/21/2008
With key shareholders choosing not to support his plan to unseat Yahoo's board, Carl C. Icahn has backed down and agreed to accept three board seats as a compromise. Yahoo will most likely try to stabilize its operations, get its ad deal with Google approved, rethink Jerry Yang as chief executive and wait for Microsoft to decide whether to make a renewed offer to buy the company.
DealBook (Free subscription) | 07/23/2008
... events,” including Microsoft’s takeover attempts and the proxy fight with the investor Carl C. Icahn, which was settled Monday.“The indicators of Yahoo’s progress are promising,” Mr. Yang said in a conference call with investors.The results fell slightly short of analysts’ lowered expectations. But to the relief of investors, Yahoo left financial forecasts for the remainder of the...
New York Times (Free subscription) | 07/19/2008
Yahoo got a show of support on Friday from one of its biggest shareholders for its efforts to defend itself against a proxy fight by the activist investor Carl C. Icahn.
Baltimore Sun (Free subscription) | 07/19/2008
Legg Mason Capital Management Inc. Chairman Bill Miller is backing Yahoo Inc. Chief Executive Officer Jerry Yang in a fight for control of the board, saying a proxy contest with Carl C. Icahn would be disruptive. Legg Mason Capital Management is the third-biggest of Yahoo's institutional investors, with 60.7 million, or 4.4 percent, of outstanding shares, worth about $1.36 billion at...
