SuperiorInvestor Blog » carl icahn

Yahoo Gives Carl Icahn Three Board Seats

Heather — Mon, 21 Jul 2008 14:40:37 +0000

Yahoo (NASDAQ:YHOO) just announced they’ve appointed Carl Icahn to their Board of Directors. Yahoo has reserved two director positions for his nominees. Current director Robert Kotick will leave.

This decision was made to settle a proxy battle and to delay a hostile takeover from Microsoft Corporation. (NASDAQ:MSFT) Icahn is an activist investor that sought to oust all of Yahoo’s Board of Directors prior to his appointment.

Yahoo Chief Executive Officer, Jerry Yang said, “This agreement will not only allow Yahoo to put the distraction of the proxy contest behind us, it will allow the company to continue pursuing its strategy of being the starting point for Internet users and a must buy for advertisers.”

Yahoo holds their next shareholder meeting on August 1, 2008.

Carl Icahn To Buyout Yahoo?

Heather — Wed, 14 May 2008 12:34:52 +0000

Recently Microsoft abandoned their bid to buyout Yahoo, but it doesn’t appear as if the fight for the internet company is over quite yet.

According to reports, Carl Icahn has swooped in and purchased 50 million shares of Yahoo stock and it’s believed Icahn is planning a proxy fight to oust the current Board of Directors at the company.

By taking such a large position, Icahn could force the company into a deal with another internet company like AOL or Microsoft. Or there’s always the option of teaming up with Google to deliver advertising to their portal visitors.

No matter how you look at it, Jerry Yang better prepare for a fight. Carl Icahn is one tough cookie.

What are your thoughts on Yahoo? Who would they best “integrate” with online?