Icahn to Yahoo board: Sell to Microsoft or leave (Update)

This April 30, 2008 file photo shows an exterior view of Yahoo headquarters in Sunnyvale, Calif. Billionaire investor Carl Icahn on Thursday, May 15, 2008 officially launched a proxy contest to unseat Yahoo Inc.'s board, writing in a letter to Chairman Roy Bostock "the board of directors of Yahoo has acted irrationally and lost the faith of shareholders" and Microsoft Corp. (AP Photo/Paul Sakuma)

(AP) -- Yahoo Inc. Chief Executive Jerry Yang spent months fending off Microsoft Corp.'s unsolicited takeover bid. Now he may only have a few weeks to persuade the software maker to revive its last offer of $47.5 billion, or risk being fired in a shareholder mutiny led by activist investor Carl Icahn.

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Posted by jburchel 05/15/08 17:26

Rank: 4.25/5 after 4 votes

Why would Microsoft want Yahoo anyway? Who still uses Yahoo for search or anything else for that matter? Microsoft has enough problems without taking on another dinosaur...

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Posted by Iztaru 05/15/08 18:25

Rank: 5/5 after 1 vote

I am wondering how Yahooo employees see all of this. I don't think Microsoft will find a warn welcome during the integration.

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Posted by shydoc 05/16/08 09:07

Not rated yet.

I use Yahoo everyday but do always searches using Google,