Yahoo or to the Icahn offer two board seats
Posted on July 4th, 2008 in Internet news yahoo
- The July 4, according to foreign media reports, more than source said that Yahoo may be in the leadership of the August 1 of the annual general meeting of shareholders on trying to ease investors with radical Kaeryikan (Carl Icahn) The conflict between the initiative to provide him with two board seats.
However, sources said Icahn hope that at least four seats. Since the investment in Yahoo, Icahn has been publicly accused the leadership of Yahoo. If he made in the Yahoo board of directors of a greater number of seats, may have enough power to the company to make major reforms, such as forcing CEO Jerry Yang to step down, and so on.
Icahn had repeatedly said that if there is sufficient power, will replace Yahoo's Jerry Yang and other executives, and the sale of Yahoo to Microsoft.
Microsoft is considering Yahoo web search and sponsored search advertising business acquisition, but Yahoo has been trying to reach other transactions. It is reported that yesterday, Microsoft is seeking to work with News Corp. and AOL Time Warner's joint acquisition of media companies such as Yahoo. (Tang Feng)
Leave a Comment