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Microsoft talking about new deal with Yahoo -
Summary from multiple countries, from articles in English
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Mr. Icahn said newly unsealed court documents show that Mr. Yang and Yahoo's board had not seriously considered a $44.6 billion acquisition offer from Microsoft and imposed a costly employee retention plan that is a barrier to any acquisition. (article 5)
Yahoo is facing intense pressure from its shareholders to reopen sales negotiations, with activist investor Carl Icahn threatening to replace the Sunnyvale-based company's entire board unless a deal can be worked out before Yahoo's July 3 annual meeting. (article 6)
Tomorrow is the deadline to nominate a slate of candidates for a shareholder vote at Yahoo's annual meeting, scheduled for July 3. (article 8)
Yahoo C.E.O. Jerry Yang mapped out a scorched-earth defense against Microsoft, essentially arranging to encourage all 14,000 Yahoo employees to quit if Microsoft succeeded in buying the company earlier this year, newly released court documents suggest. (article 2)
The severance plan would have increased Microsoft's costs by $462 million to $2.1 billion, based on the software maker's initial Jan. 31 offer of $44.6 billion, or $31 per share, according to Yahoo estimates released Monday. (article 3)
Icahn filed plans nearly three weeks ago to lead a shareholder revolt against Yahoo's board, which includes Yang, who co-founded the Internet pioneer 14 years ago. (article 4)
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Other summaries about this story:
Event tracking:
Story keywords
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Yahoo, Microsoft, Icahn, Yang, shareholder |
Source articles
- Lawsuit Criticizes Yahoo Retention Plan (nytimes.com, 06/03/2008, 475 words)
- How Yahoo's 'Scorched Earth' Strategy Helped Scuttle Deal (Wired, 06/03/2008, 686 words)
- ABC News: New Documents Detail Yahoo-Microsoft Saga (ABCNews, 06/03/2008, 322 words)
- Report: activist investor Carl Icahn more determined to oust Yahoo board (cbc.ca, 06/03/2008, 872 words)
- Icahn Says He Would Remove Yahoo’s Chief (nytimes.com, 06/04/2008, 996 words)
- Microsoft talking about new deal with Yahoo - (baltimoresun.com, 06/04/2008, 290 words)
- Yahoo sets date for annual meeting showdown (Washington Post, 06/03/2008, 278 words)
- SAN FRANCISCO - Billionaire investor Carl C. Icahn... (baltimoresun.com, 06/04/2008, 172 words)
- Author: Microsoft Is Still Here, Dammit! (Wired, 06/03/2008, 881 words)
- Chicago Sun-Times :: Archive :: (suntimes.com, 06/03/2008, 2857 words)
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blaster@cs.columbia.edu
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