Report: Yahoo, Microsoft Tensions Escalate
The relationship between Yahoo and Microsoft is getting even colder. Reuters is reporting that late Saturday, Yahoo revealed that it had spurned Microsoft’s latest attempt to buy its online search engine in a joint proposal made with activist investor Carl Icahn, who is leading a shareholder rebellion aimed at removing Yahoo’s current board.
The report said that Icahn, who has no experience running an Internet company, would have been “left in charge of Yahoo’s remaining pieces” had they reached an agreement to sell the search engine division to Microsoft.
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