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2008-07-08 09:00:07

By James Thompson Shares in Yahoo soared yesterday after Microsoft said it would reconsider a takeover bid for the company if the search engine specialist's board is replaced. Microsoft and Yahoo were unable to agree takeover terms earlier this year. The billionaire US activist Carl Icahn is trying to replace Yahoo's board at the group's annual meeting next month. The world's largest software company sought to acquire Yahoo to fight back against the search engine market leader Google....

2008-07-08 09:00:07

By Michael Liedtke Associated Press SAN FRANCISCO -- Microsoft Corp. threw its weight behind investor Carl Icahn's effort to dump Yahoo Inc.'s board, saying Monday that a successful shareholder rebellion would encourage the software maker to renew its bid to buy Yahoo's Internet search engine or possibly the entire company. The unexpected endorsement gives Icahn a carrot to dangle before Yahoo shareholders as he wages an acrimonious campaign to replace Yahoo's nine directors at the...

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2008-07-08 07:50:00

Microsoft Corp. said on Monday that it is ready to reconsider multi-billion dollar buyout negotiations with Yahoo, on the condition that a new Yahoo board is selected. The announcement backs investor Carl Icahn's plan to take control of the board and make several promised changes. The recent development gives Icahn more lucrative bait to wave before Yahoo shareholders as he wages a battle to fire Yahoo's nine directors at the company's annual meeting Aug. 1. Microsoft broke off talks in...

2008-07-08 06:00:15

By PETER RANSCOMBE MICROSOFT last night said it would be willing to reopen talks to buy all or part of Yahoo but only if a new board is elected. Yahoo shareholders are due to meet on 1 August for the firm's AGM and Carl Icahn, the billionaire investor who owns 4 per cent of the shares, put forward proposals to oust the board. Microsoft, which broke off talks in early May to buy the internet company for dollars 47.5 billion (GBP 24.1bn), said it would resume discussions immediately if...

2008-07-08 06:00:05

By Miguel Helft In yet another reversal in its five-month-old pursuit of Yahoo, Microsoft said Monday that it might be interested in negotiating a deal with Yahoo, including an outright acquisition, as long as that company replaced its board of directors. Microsoft's announcement gives strong momentum to the investor Carl Icahn, who is waging a proxy campaign to unseat the Yahoo board. In a letter to shareholders on Monday, Icahn said that in the past week he had had several long...

2008-07-08 06:00:05

By Byron Acohido and Greg Farrell In a move that could bolster billionaire investor Carl Icahn's attempts to remove Yahoo's top directors next month, Microsoft said Monday it might re-enter merger talks if Icahn's slate of directors is elected at an Aug. 1 shareholder meeting. Earlier in the day, Icahn issued a statement acknowledging that he had "spoken frequently" to Microsoft CEO Steve Ballmer in the past week. According to Icahn, Ballmer "made it abundantly clear that, due to his...

2008-07-08 03:00:10

By Walmsley, Andrew For the past 11 years, I have sought out my respite from the digital maelstrom on a small Greek island. Just a few years ago, there was no cellphone coverage; getting on the internet required you to dismantle the phone socket, and the one internet cafe on the island offered two computers sharing one ponderous dial-up connection. It was charming, idiosyncratic, picturesque. After a few days, however, it was pretty annoying. Arriving there last week, it has all changed....

2008-07-07 21:00:12

SAN JOSE, Calif. _ Increasing the pressure on Yahoo Chief Executive Jerry Yang, Microsoft on Monday effectively threw its support behind financier Carl Icahn's efforts to unseat Yahoo's board, making a deal between the two companies much more likely. In a dramatic early-morning announcement, Icahn revealed he has been talking with Microsoft Chief Executive Steve Ballmer about a prospective sale or partial acquisition of Yahoo. Microsoft quickly followed with a statement confirming it would...

2008-07-07 12:00:00

Yahoo! Inc. (Nasdaq:YHOO), a leading global Internet company, today issued the following statement in response to Carl Icahn's latest open letter to Yahoo! stockholders: Yahoo!'s Board of Directors continues to stand ready to enter into negotiations with Microsoft Corporation for an acquisition of Yahoo!. Indeed, as recently as June, Yahoo!'s independent directors and management approached Steve Ballmer about just such a transaction, only to be told that Microsoft was no longer interested...

2008-07-07 09:00:00

NEW YORK, July 7 /PRNewswire/ -- Carl Icahn today issued the following open letter to Yahoo! shareholders. SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY CARL C. ICAHN AND HIS AFFILIATES FROM THE STOCKHOLDERS OF YAHOO! INC. FOR USE AT ITS ANNUAL MEETING, WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN THE PROXY SOLICITATION. WHEN...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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