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Microsoft may come out winner in Yahoo and Icahn settlement

Discussion in 'News' started by Echo419, July 21, 2008.

  1. Echo419

    Echo419 FS Owner

    Microsoft may be the biggest winner in the proxy fight settlement between Yahoo and activist investor Carl Icahn, whose peace accord was announced Monday.

    With its ally Icahn and two members of Icahn's former dissident proxy slate getting three seats on Yahoo's expanded 11-member board as part of the settlement, Microsoft may find a sympathetic ear on any future buyout or asset acquisition proposals for Yahoo's search business, said sources. That, as a result, could push Microsoft to make another bid sooner than later, sources said.

    [​IMG] View Full Article: CNET News

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