Printed from http://www.electronista.com

Yahoo rebuffs Icahn, boasts profit generating deals

updated 12:35 am EDT, Thu June 5, 2008

Yahoo rebuffs Icahn

As aggravations rise over the controversial $2.1 billion severance plan, Yahoo insists that talks are ongoing with Microsoft, rebutting against criticism from investor Carl Icahn, who recently wrote Yahoo's chairman a disparaging letter. Yahoo highlighted its recent ad partnerships with Wal-Mart and several others, but president Susan Decker said that an arrangement with Microsoft could still occur. Icahn recently blasted the search giant, calling Yahoo's board "deceitful".

Yahoo also answered Icahn, stating that the billionaire has grossly misrepresented what happened, manipulating the facts to increase investor pressure on the company. Chairman Roy Bostock says in a reply to Icahn that he accuses Yahoo of turning down or sabotaging seemingly generous offers, but notes that he fails to provide any alternatives for the company to improve profitability.

Icahn is reportedly trying to assemble a proxy board for Yahoo, one with greater sympathies towards Microsoft, in order to enact plans for an ancillary deal with the Windows manufacturer.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Prong PWR Case

Ultimately there's one thing we all want from smartphone accessories; we want options. When it comes to keeping our iPhone charged, we ...

iHome iBT74 Color Changing Bluetooth Speaker

There's no reason why your tech can't look good while doing what it was designed to do. That's the reason that sports cars look good a ...

Logitech Gaming Daedalus Prime Mouse

Logitech Gaming continues to expand upon its peripherals line, with each one looking to fit neatly into a breadth of gaming needs. Bui ...

Advertisement

toggle

Most Commented