Alex Zaharov-Reutt
Monday, 07 July 2008 21:39
Opinion and Analysis
Page 2 of 2
Icahn is reported to have said in an “open letter” that the problem for Microsoft with Yahoo was Yahoo’s board, with Icahn reported as saying in a phone interview with Reuters that: "I am moving towards getting a potential new management team for Yahoo including a new CEO.”
Scary stuff for Yang... would he still have a role to play at Yahoo or would he just get a nice payout instead?
Reuters also reported of what is presumed to be the same “open letter” from Icahn that: "Steve made it clear to me that if a new board were elected, he would be interested in discussing a major transaction with Yahoo.”
Apparently while this could mean Microsoft might just purchase Yahoo’s search business, it could also mean Yahoo could still get scooped up holus-bolus into the Borg Collective... I mean, Microsoft.
Perhaps Jerry Yang will just have to learn the hard way after all that “resistance is futile!”... although the deal is definitely not done yet.