microsoft-yahoo merger

Yahoo offered up a little clarity Tuesday on its controversial employee severance plan and how things could play out should major investor Carl Icahn win his proxy fight to unseat Yahoo's current board.

Under Yahoo's employee severance plan, as previously reported, Icahn's proxy fight would set the stage for triggering the severance plan if he wins a majority of the board seats with his dissident directors at the annual meeting on August 1.

The plan would then kick into action should the new dissident Yahoo board terminate an employee or greatly change their duties and responsibilities, prompting … Read more

Updated June 10 at 6:23 a.m. PDT with information from the brief.

Yahoo shareholders filed a statement late Monday seeking a trial date to invalidate the company's controversial employee severance plan prior Yahoo's annual shareholder meeting.

Those involved with the suit, filed in the Delaware Chancery Court, are hoping to invalidate the severance package, which, in turn, could assist major Yahoo investor Carl Icahn in his proxy battle to unseat Yahoo's current board of directors.

The first part of the employee severance package is triggered if there is a change of control, which would occur … Read more

Yahoo has virtually all the antitrust information it needs to know to make a decision on whether to proceed with a Google ad outsourcing deal that would pass muster with antitrust regulators, but it has only begun to explore that issue for a scaled-down Microsoft agreement, according to sources.

As a result, any deal that calls for Yahoo to turn over its search business to Microsoft is not on the immediate horizon, noted one source familiar with the talks.

Two weeks ago, Yahoo began to internally explore the antitrust ramifications of a scaled-back Microsoft deal, leaving the Internet search pioneer … Read more

Yahoo announced on Monday that it filed its definitive proxy statement, which now allows the Internet search pioneer to begin its road show with investors.

Yahoo, which is embroiled in a proxy fight with major shareholder Carl Icahn, is seeking to persuade its investors to re-elect its current board at the August 1 shareholder meeting.

Icahn, meanwhile, is seeking to get his dissident slate of directors elected and is using his group to pressure Yahoo and Microsoft to undergo a full buyout of the Internet search pioneer. Currently, the two parties are in talks for Microsoft to buy or partner with Yahoo for a portion of its search business. … Read more

Billionaire investor Carl Icahn kicked off the week with scathing questions for Yahoo, as his proxy fight heats up with roughly eight weeks to go before Yahoo's annual shareholders meeting.

In the latest salvo, Icahn presses Yahoo to answer his previous questions as to why the Internet search pioneer opted to install an expensive employee severance plan as a retention method, while neglecting to mention to its workers that Microsoft had earmarked $1.5 billion to retain employees, should it have been successful in acquiring Yahoo.

Here is Icahn's letter to Yahoo Chairman Roy Bostock:

Microsoft is practicing the "Golden Rule" when it comes to Yahoo and shareholder activist Carl Icahn.

The software giant, which initially encountered a frustrating round of "radio silence" from Yahoo after announcing its unsolicited buyout bid for the Internet search pioneer back in February, is not treating Icahn in a similar manner, as the activist investor uses his proxy fight to push the two companies together for a merger.

Microsoft CEO Steve Ballmer recently shed a little light on the software giant's relationship with Icahn in an interview with the Washington Post. In that interview, … Read more

As the proxy fight heats up, Yahoo CEO Jerry Yang issued a letter to employees to address the mechanics of a proxy contest and what to expect.

Yang's letter comes as Yahoo and billionaire investor Carl Icahn have exchanged several rounds of proxy fight letters over the past few days. The fevered pitch between the two parties is expected to further accelerate in the coming weeks leading up Yahoo's August 1 annual shareholders' meeting.

Icahn is seeking to unseat Yahoo's board of directors with his own dissident slate, while Yahoo is working to persuade investors to re-elect … Read more

This post was updated at 1:38 p.m. PDT, with Yahoo's closing price.

Making his first public statement on a specific purchase price for Yahoo, billionaire investor Carl Icahn on Friday told the company's chairman to offer up Yahoo to Microsoft for $34.375 a share.

The topic of price, which Icahn was coy about during his interview on CNBC earlier this week, was one of two interesting nuggets in his saber-rattling letter to Yahoo's chairman Roy Bostock. That letter was one of several Icahn has sent to Yahoo since launching his proxy fight.

The second … Read more

This post was updated at 9:59 a.m. PDT with Yahoo's response.

After a one-day lull in the Yahoo-Icahn war of words, billionaire investor Carl Icahn on Friday listed his five-step game plan for the company, should his dissident slate of directors succeed in unseating Yahoo's current board at the August 1 shareholder meeting.

In a letter to Yahoo chairman Roy Bostock, Icahn states:

You asked, "What exactly would happen to our company if you and your nominees were to take control of Yahoo?" I will give you my perspective on that.

First, I would … Read more