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Yahoo Rejects Another Bid From Microsoft, Icahn

Last night Yahoo rejected another offer for its search business from Microsoft and investor Carl Icahn. The proposal also included conditions that would have required the replacement of Yahoo's top management and board of directors. This is not the first time Icahn has pushed for such a measure. Quoting: "Yahoo said in rejecting the offer it told Microsoft it was willing to sell the entire company for at least $33 a share and its board believed such a deal could be negotiated and executed before its annual shareholders meeting on August 1. Yahoo said it also informed the software giant it remained willing to negotiate an 'improved search-only transaction.' Microsoft, however, rejected both offers, Yahoo stated."

5 of 119 comments (clear)

  1. Heh. by Anonymous Coward · · Score: 3, Funny

    Icahn? More like Icahn't.

    1. Re:Heh. by wik · · Score: 2, Funny

      YaCahn't? Says hoo?

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  2. Re:Back Pocket by dkleinsc · · Score: 4, Funny

    His only real regret is that he still hasn't found a way to cure his bone-itis.

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  3. BSD is dead by bussdriver · · Score: 2, Funny

    Didn't you hear? BSD is dead--- it died decades ago way before it became the foundation of Mac OS X: the #1 unix distribution.

    Yahoo is #2 and that doesn't mean they are dead. The market is doing poorly not just Yahoo; even if they are not making as much as they should be Yahoo is literally just an idea or two from improvement (and we all know Microsoft isn't the place for profitable ideas; their SEC filings show they are entirely dependent on their TWO overpriced monopoly product lines.)

  4. Re:I hope yahoo stands firm by KGIII · · Score: 4, Funny

    ...lead by Carl Icahnhascheezburger?

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    "So long and thanks for all the fish."