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Yahoo makes agreement with Icahn

Discussion in 'General Discussions and Lounge' started by temi, Jul 21, 2008.

  1. temi

    temi Facilitator Webmaster

    Yahoo has reached an agreement with the activist investor Carl Icahn that will stop him trying to replace its board.
    Mr Icahn was annoyed that Yahoo had resisted Microsoft's attempts to take it over.
    He planned to replace the board at next month's annual meeting and then sell the company to Microsoft.
    Yahoo's board will now be expanded from nine members to 11, comprising Mr Icahn and two of his nominees along with eight of the original members.

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