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.
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