Icahn, Microsoft Revive Hope for Yahoo! Deal
- Loading Comments...
Updated from 11:16 a.m. EDT
SAN FRANCISCO -- Billionaire investor Carl Icahn continued his push for a Microsoft(MSFT Quote)/Yahoo!(YHOO Quote) merger, revealing on Monday that he has been in talks for the past week with Microsoft CEO Steve Ballmer, who expressed an interest in opening discussions with a new Yahoo! board.
Icahn, who has put together a slate of candidates to replace Yahoo!'s board, wrote in an open letter to shareholders that he and Ballmer had discussed the possibility of restarting merger negotiations if his board is elected on Aug. 1 at Yahoo!'s annual meeting.
He also noted Microsoft's interest in an alternative transaction, which would involve the purchase of Yahoo!'s search business, an arrangement that Yahoo! has already rejected. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
Oil *
77.05
|
|
UP
30.69
|
UP
4.98
|
UP
6.87
|
DOWN
0.38
|
10 Yr
3.28%
SPDR Gold
116.62
|
|
+0.29%
|
+0.45%
|
+0.32%
|
-1.15%
|
Data delayed 20 minutes |
Connect with TheStreet