Saturday, December 6, 2008

Yahoo Investors talks on with Microsoft

Bloomberg reports that Yahoo! Inc. investor Carl Icahn, who lobbied for a Microsoft Corp. takeover earlier this year, held talks with the software company about a purchase of Yahoo’s Internet search business, without reaching an agreement.

There are “no understandings” with Microsoft about a possible deal, the billionaire investor said today in a regulatory filing. Icahn, who holds about 5.5 percent of Yahoo shares, became a company director in August after settling a proxy challenge that would have ousted the board.

Get more details here.


Bloomberg

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