Icahn Could Oust Yahoo Board
The Associated Press reports that billionaire investor Carl Icahn is reportedly loading up on Yahoo’s stock in preparation for a possible attempt to shove aside the Internet icon’s board and bring the company’s disillusioned suitor, Microsoft Corp., back to the bargaining table:
“As he mulls whether to lead a rebellion, Icahn has accumulated about 50 million Yahoo shares, a stake of roughly 3.6 percent in the Sunnyvale-based company, both CNBC and The Wall Street Journal reported Tuesday.
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