icahn

New Yahoo filing. A lot like the old Yahoo filing

Another day, another filing. By now, you'd think Yahoo had said all that it could say about its increasingly rancorous disagreement with Carl Icahn over the future of the company.

Not by a long shot.

Earlier today, the company issued an in-your-face challenge to Carl Icahn in a letter to shareholders, which also singled out Microsoft for poor judgment. But that didn't exhaust Yahoo's surprising gift for gab.

In the run-up to its highly-anticipated shareholders meeting on August 1, Yahoo filed a document with the Securities & Exchange Commission after the close of trading.

The document rehashes … Read more

Yahoo letter to shareholders

As the fight over Yahoo heats up in preparation for the August 1 shareholder meeting, the embattled company sent a letter to shareholders on Thursday, urging them to vote against a proposal from investor Carl Icahn.

Below is the full text of the letter.

Dear Fellow Stockholder:

The recently-formed Carl Icahn-Microsoft alliance continues to make misleading statements about their plans for Yahoo!. Your Board of Directors believes strongly that the Icahn-Microsoft agenda--as presented to us jointly last week--will destroy stockholder value at Yahoo!, serving only their very narrow special interests, clearly not your interests.

Your Board continues to work to … Read more

Yahoo letter: Icahn is only looking out for himself

In a new letter to shareholders, Yahoo CEO Jerry Yang and Chairman Roy Bostock claim that the latest proposal from Microsoft and investor Carl Icahn "will destroy stockholder value at Yahoo."

The letter, released Thursday, complains that Icahn only invested in Yahoo two months ago, and is just looking for a deal to "recover his investment and get back his money quickly, even a deal that does not provide full and fair value to you."

The letter is part of the months of sniping among the companies, investors, and other interested parties, all leading up to … Read more

Yahoo and Microsoft step up Time Warner AOL discussions

Updated at 1:36 p.m. PDT with a report on AOL executives meeting with Microsoft.

Yahoo and Microsoft have both accelerated their respective deal-making talks with Time Warner's AOL, as a proxy fight looms less than three weeks away between Yahoo and investor activist Carl Icahn, according to a source familiar with the discussions.

"The ongoing talks between all the companies have recently picked up," said the source.

That may come as no surprise, given that Yahoo over the weekend rejected a sweetened Microsoft offer to buy just its search assets and the board of directors … Read more

Selling the suckers on Google-Yahoo

While the food fight between Yahoo and Carl Icahn escalates--and while I'm at it, don't forget Microsoft--both the House and Senate Judiciary committees are getting ready to hold hearings on the proposed Yahoo-Google tie-up. In advance of this primo photo op for the hired help, I had a chance to review the prepared testimony of David Drummond, Google's chief legal officer. Give the guy credit for putting together a crisp presentation. Among the highlights:

• If Uncle Sam green-lights this deal, Google won't wind up taking nearly total control of the search market.

• … Read more

States reviewing Yahoo-Google search ad deal

Updated July 15 at 7:05 a.m. PT, with comment from additional sources

A collection of state attorneys general are reviewing the Yahoo-Google search-advertising partnership for possible antitrust violations, several states confirmed.

While these states are in communication with one another and engaged in a collective review of the proposed deal, none have emerged as the lead state or states on the matter, said Sandi Copes, a spokeswoman for the attorney general for the state of Florida.

Attorneys general from Florida, Arkansas, and Connecticut are all taking a look at the proposed deal, but the review process is in … Read more

Buzz Out Loud 765: Thank goodness for robot crabs

I'm so sick of saying the name of that darn phone, but the fact of the matter is, people want to hear about it. So we do one more day about the weekend issues and thank goodness for Microsoft and Yahoo giving us something else to talk about. And robot crabs. Thank goodness for robot crabs. Listen now: Download today's podcast Episode 765

Yahoo rejects joint-bid for search business by Icahn and Microsoft http://news.cnet.com/8301-1023_3-9989870-93.html

Microsoft' Latest Offer Detailed; Major Shareholder Legg Mason (Still) Unimpressed http://www.paidcontent.org/entry/419-microsoft-latest-offer-detailed-legg-mason-unimpressed/ http://news.slashdot.org/article.pl?sid=08/07/13/1217220… Read more

Microsoft enters Yahoo-Icahn fight to 'set record straight'

Microsoft jumped into the brawl between Yahoo and investor activist Carl Icahn on Monday, issuing a "set-the-record-straight" statement on its rejected sweetened offer for Yahoo's search business.

For starters, the software giant's search-only proposal "did not include changes to Yahoo's governance."

In other words, it was Icahn, the other half of Microsoft's joint proposal, who was asking for all Yahoo board members and top management to resign immediately. But even Icahn, in his letter to shareholders Monday, noted he was willing to discuss keeping some of the Yahoo directors around, and even … Read more

Yahoo's Yang warns employees to expect Icahn battle to heat up

With the fight between Yahoo and investor activist Carl Icahn expected to accelerate in the coming weeks leading up to the company's August 1 shareholder meeting, Yahoo CEO and founder Jerry Yang sent an e-mail to employees warning them of the pending mess and offered a Q&A:

Subject: over the weekend -- joint microsoft/carl icahn proposal

yahoos,

on friday evening, our board received a search and restructuring proposal from microsoft and carl icahn. in essence, this proposal would hand over to microsoft yahoo's search business and the rest of the business to carl icahn. our … Read more