icahn

After months of speculation and board room wrangling, the fate of Yahoo! is officially decided. Earlier in the week, Carl Icahn and the Yahoo! board came to an agreement over the future of the beleaguered Internet portal. Under the terms of the ... deal, eight members of the board will stay on including Chairman Roy Bostock, Ronald Burkle, Eric Hippeau, Vyomesh Joshi, Arthur Kern, Mary Agnes Wilderotter, Gary Wilson and CEO Jerry Yang. Robert Kotick will step down from the board and be replaced by Icahn. The board will also enlarge to include two more members for a total of 11, and both spots ... (view more)

The Microsoft-Yahoo saga continues and some old players have returned to the table. The Wall Street Journal recently reported that Microsoft held talks with both Time Warner Inc. and News Corp. about a possible alliance to pick apart Yahoo. Under ... the proposed deal, Microsoft would take over Yahoo's search business and the remainder of the company could be merged with other content companies such as AOL or MySpace. (Source: wsj.com ) When the news broke on July 2, Yahoo's shares climbed the highest they had in recent months, closing the afternoon at $20.88 after surging as high as $21.84 ... (view more)