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Tuesday, July 15, 2008
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Carl Icahn nominates nine Yahoo board directors to ensure Microsoft deal
Summary from multiple countries, from articles in English
NEW YORK Billionaire investor Carl Icahn filed a definitive proxy statement today in his fight with Yahoo Inc., nominating nine directors for the Internet company's board. (article 7) Microsoft first offered to buy Yahoo five months ago, but the software maker ultimately walked away from a deal in May after last-ditch efforts to negotiate a mutually acceptable sale price failed. (article 7) NEW YORK (Reuters) - Activist shareholder Carl Icahn blasted Yahoo Inc on Monday for rejecting his joint proposal with Microsoft Corp, saying management was more focused on who would run the Internet company than on the details of the offer. (article 5) " Microsoft and Mr. Icahn are trying to dismantle the company and deliver our search business to Microsoft on terms that would be disadvantageous to Yahoo stockholders Roy Bostock said in a statement. (article 3) The proposal, made Friday evening by Mr. Icahn and Microsoft's chief executive , Steven A. Ballmer, was similar to a previous offer Yahoo had rejected. (article 2) Yahoo's decision is another broadside between the company and Microsoft, two months after the software giant withdrew its $47.5 billion takeover offer. (article 2) After a meeting of four to five hours with its financial and legal advisers, Yahoo's board decided to reject the offer. (article 2)

Other summaries about this story:
  • Summary from the United Kingdom, from articles in English (1 articles) [compare]
  • Summary from United States, from articles in English (7 articles) [compare]

  • Other stories about Microsoft, company and board:
  • Microsoft to link with Netflix (6 articles)

  • Event tracking:
  • Track this story's development in time

  • Story keywords
    Microsoft, company, board, Internet, software

    Source articles
    1. FOXNEWS.COM HOME > BUSINESS (FOX News, 07/13/2008, 996 words)
    2. Yahoo Again Spurns a Microsoft Offer (nytimes.com, 07/13/2008, 309 words)
    3. Microsoft Quest for Yahoo Turns More Aggressive (nytimes.com, 07/14/2008, 790 words)
    4. Yahoo rejects new break-up offer (BBC News, 07/13/2008, 237 words)
    5. Icahn blasts Yahoo, details Microsoft deal (boston.com, 07/14/2008, 609 words)
    6. Microsoft supports Icahn's Yahoo bid - (baltimoresun.com, 07/14/2008, 467 words)
    7. Carl Icahn nominates nine Yahoo board directors to ensure Microsoft deal (L.A. Times, 07/15/2008, 488 words)
    8. From the Inside, Jerry Yang Looks Out for Yahoo (nytimes.com, 07/15/2008, 1424 words)




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