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Microsoft Open to a Yahoo Deal If Icahn's Board Takes Charge
Monday, July 7, 2008
By bMighty.com Staff
Microsoft would be willing to once again discuss a deal with Yahoo if investor Carl Icahn's proposed board is elected.
"After the shareholder election Microsoft would be interested in discussing with a new board a major transaction with Yahoo!, such as either a transaction to purchase the 'Search' function with large financial guarantees or, in the alternative, purchasing the whole company," Microsoft confirmed in a statement released today.
Frustrated that a Microsoft-Yahoo merger never came to fruition, in mid-May Icahn submitted his own slate of directors to replace Yahoo's current board; Yahoo's annual shareholder meeting is Aug. 1.
Shares in Yahoo jumped 10.4 percent in early trading Monday, to $23.58.
Source(s): The New York Times
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