Guardian Unlimited- The struggling internet company Yahoo has struck a pact with its billionaire critic Carl Icahn by giving the hedge fund activist a minority presence on its board to avoid a potentially tempestuous showdown at a shareholder meeting next month.
Facing crumbling support among Yahoo investors, Icahn yesterday abandoned his efforts to overthrow the leadership […]

New York (HedgeCo.Net) - Hedge Funder Eric Jackson of Ironfire Capital will call on Yahoo Inc. to accept a board of directors mixed with members both proposed by the company and from a dissident slate backed by billionaire investor Carl Icahn.
Jackson, who heads the grassroots group Yahoo Plan B, wants five members to come from […]

New York (HedgeCo.Net) - After months of on-again off-again talks between Yahoo and Microsoft, the possibility of a merger looks to be back on. 
According to the Wall Street Journal, Microsoft said they may be interested in restarting talks if the internet giant’s board was replaced, a move that billionaire tycoon Carl Icahn has been […]

New York (HedgeCo.Net) - Carl Icahn continues his quest to shake up the board of Yahoo, and this time, that includes ousting CEO Jerry Yang.  According to the Wall Street Journal, Icahn is channeling shareholder complaints in hopes to fuel his proxy battle and to facilitate the Microsoft deal.  
Last month, several Yahoo shareholders filed […]