Microsoft Wants To Negotiate With New Yahoo Board

By: Associated Press
By: Associated Press

SAN FRANCISCO (AP) - Deal talk is in the air again.
Microsoft is putting its weight behind investor Carl Icahn's
effort to oust Yahoo's board next month. Microsoft says that a
successful rebellion would encourage the software maker to renew
its takeover bid for Yahoo or negotiate another deal.
The development gives Icahn a carrot to dangle before Yahoo
shareholders as he wages a campaign to oust Yahoo's nine directors
at the company's annual meeting August 1st.
Icahn has been arguing that a purge of the Yahoo board is the
only way to salvage a deal with Microsoft -- a position that the
Redmond, Washington-based software maker backs with its latest
Yahoo shares were up 11 percent at midday.

KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 24036074 -
Gray Television, Inc.