Yahoo settles with Icahn to avert August showdown

By MICHAEL LIEDTKE , AP Business Writer, Technology / Internet

In this May 7, 2007 file photo, billionaire financier Carl Icahn, right, and his wife, Gail, arrive at the Motorola annual meeting in Chicago. Yahoo has reached a settlement, Monday, July 21, 2008, with activist investor Carl Icahn. (AP Photo/Charles Rex Arbogast)

(AP) -- Yahoo Inc. is relinquishing three seats on its board of directors to activist investor Carl Icahn, ending a battle for control of the Internet company while still leaving the door open for a possible sale to Microsoft Corp.

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