According to a report in the Wall Street Journal today, as we discussed yesterday, Billionaire investor Carl Icahn is launching a proxy contest to unseat Yahoo’s board of directors.
Icahn plans to nominate 10 directors to replace Yahoo’s board before a deadline Thursday, including former Viacom Inc. Chief Executive Frank Biondi, who has worked with Icahn on other proxy fights.
According to the report Icahn is focused on pushing Yahoo back to the bargaining table with Microsoft and believes that he needs more than a few board seats to get a it done.
However, to date Microsoft has given no indication that it would be interested in reviving talks with Yahoo.
Yahoo was up $.58 during trading today and then another $.51 after hours.
Yahoo is now back to $27.65 a share
What a Info – if Yahoo and Microsoft would merge that would be a dictatorship of the Internet since Microsoft would instal in their operating system pc their own links to search engines and spyware software so they can monitor the pc user which would buy their pc with the ms operating system from a shop.
Damir, Microsoft regularly gets penalties for preinstalling some of their software components on new computers and as part of their Windows operating system. They won’t be allowed to do what you’re saying, at least not worldwide.
Besides, if Google can continue to grow and get into other markets, it will become more powerful and therefore there will be a true monopoly on the Internet. I mean, we already have sort of a Google monopoly in online search and web ads.
What we need is another big company that can get closer to Google. This in turn might also lead to more innovation within the big web companies, as this is key to setting oneself apart from one’s competitors, and therefore the acquisition would have yet another positive side effect.