Yahoo settles with Icahn to avert August showdown

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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 PhotoCharles Rex Arbog ...
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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