Icahn and Microsoft Fail to Charm Yahoo, Again

It’s back off-again. Over the week-end Yahoo rejected Carl Icahn and Microsoft’s “take it or leave it” proposal, which required Yahoo to sell its search business to Microsoft, throw out its board and management, and hand control of the rest of the company to Carl Icahn. Not surprisingly even the analysts and shareholders who had previously criticized Yahoo for letting takeover talks with Microsoft collapse earlier this year referred to the “stupid” offer as a stunt.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Spring Special

Save 30% Off an ADWEEK Subscription Today!

View Your Options

Already a member? Sign in