Update: Icahn mulling Yahoo proxy fight
January 8, 2009 nnyq.com editBillionaire investor Carl Icahn is reportedly mulling a proxy fight against Yahoo's current board members in order to pressure the company to re-establish merger negotiations with Microsoft.
Icahn has bought as many as 50 million Yahoo shares since Microsoft walked away from the deal, according to reports Tuesday in The Wall Street Journal and on CNBC, which both quoted anonymous sources familiar with the situation.
[ 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.#
