Icahn gets on board at Yahoo! - so what's next?

Stephen Withers
Tuesday, 22 July 2008 04:54

IT Industry - Strategy

According to some reports, Miller's candidature comes at CEO Jerry Yang's instigation.

But what of Kotick? He's also chairman and CEO of Activision Blizzard, so it's not as if he'll be struggling to fill his days.

Yahoo! chairman Roy Bostock said "I would like to personally thank Bobby for his dedicated service to Yahoo! these past five years. Bobby has been a valuable resource to our Board and the company and we are grateful for his contributions. He wanted to help see the company through this recent chapter, but made it clear to me that once the proxy contest was resolved, he was eager to focus his efforts on his work as CEO of the newly merged Activision Blizzard and his other business and civic pursuits."

Both Bostock and Yang sound glad that the pending proxy battle has been avoided.

"We are gratified to have reached this agreement, which serves the best interests of all Yahoo! stockholders," said Bostock, while Yang chimed in with "This agreement will not only allow Yahoo! to put the distraction of the proxy contest behind us, it will allow the Company to continue pursuing its strategy of being the starting point for Internet users and a must buy for advertisers."

Is Icahn still pressing for a sale or breakup of Yahoo? Please read on.