Carl Icahn has notified the Yahoo board that he’ll be leading a takeover of the company. The letter below was his notification to Yahoo, and included his intention to buy 2.5 billion in stock. Presumably Icahn has already confirmed that Microsoft is still interested in a takeover, and given Steve Ballmer’s legendary temperament I’m guessing that he is giddy at the prospect of ultimately winning the battle he walked away from a few weeks ago.
I think Icahns prospects of losing this are small, and would guess he’s in for one of the biggest paydays in corporate history. More»

Labels: icahn, Microsoft, msft, Yahoo, YHOO

Billionaire takeover strategist Carl Icahn is looking at a possible play to force Yahoo back to the table with Microsoft to sell the company at a big profit. The news today sent Yahoo up about 1.30 and YHOO is still rising in after market trading.
Given that the prevailing stock price of Yahoo is well below Microsoft’s top offer of $33 per share, this play has only one key challenge - making sure you can get Microsoft back to the table. Frankly I think that is not much of a hurdle to overcome as I More»

Labels: google, icahn, Microsoft, msft, Yahoo, YHOO