Yahoo says Icahn's agenda presents significant risk

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Yahoo Inc on Thursday warned its shareholders that billionaire Carl Icahn's agenda presents a "significant risk" to their investment, and reiterated that it would only sell itself to Microsoft under the right terms.

The public letter posted on its website on Thursday is Yahoo Chairman Roy Bostock and Chief Executive Jerry Yang's latest appeal to shareholders ahead of its annual meeting on August 1 to fend off an attack from activist investor Icahn.

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