Report: Icahn to launch proxy fight against Yahoo
January 8, 2009 nnyq.com editBillionaire investor Carl Icahn will proceed with his plan to replace Yahoo's entire board in an effort to force the company to reopen merger negotiations with Microsoft, the Wall Street Journal reported Wednesday.
Icahn was said to have been mulling the idea earlier this week. He has reportedly bought as many as 50 million Yahoo shares since Microsoft gave up on the deal.
[ For the complete saga of Microsoft's unsuccessful bid to take over Yahoo, check out InfoWorld's special report ]#If you have any other info about this subject , Please add it free.#
