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July 7, 2008 1:37 PM PDT

Daily Debrief: Icahn, Microsoft team up on Yahoo

by Kara Tsuboi
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Ever since Microsoft first stated its intention to purchase Yahoo in February, and Yahoo said no, it's been a roller coaster as the deal goes through its on-again, off-again phases. On Monday's edition of the Daily Debrief, I sat down with reporter Dawn Kawamoto to get the scoop on the latest news that Microsoft might again be interested in acquiring the company, or perhaps just the search portion.

In a one-two punch type of delivery system, investor Carl Icahn and Microsoft appear to have teamed up to oust Yahoo's board. Kawamoto explains why this technique may be the most effective of all and why it could have broad appeal to shareholders. While Icahn has unveiled this portion of his plan, he has yet to name the members of the dissident slate. I hope everyone is still hanging on tight as our coaster has yet another hill to climb with the end of the ride nowhere in sight.

Kara is a video reporter for CNET News. She brings her years of broadcast experience and shrewd reporting skills to the CNET TV team. No technology angle is too small or obscure to explore, from major industry news to technology trends to newsmaker interviews. E-mail Kara.
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by Dalkorian July 7, 2008 2:14 PM PDT
"While Icahn has unveiled this portion of his plan, he has yet to name the members of the dissident slate."
The members of the dissident slate are unimportant, as they would be nothing but placeholders until the M$ takeover is completed anyway. That's the point, sell to M$ and ching ching ching cash in for max profit! This is just another TWA to Icahnt, something to destroy for yet another ivory back scratcher.
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by GatesOfHell July 7, 2008 3:27 PM PDT
In the immortal words of Judge Doom: "I bought the Red Car so I could DISMANTLE it."
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by Sugiarto Setiabudi July 7, 2008 6:36 PM PDT
Carl Icahn is acting beyond the scope of his rights as yahoo's shareholders.
He is playing soap opera with Steve Ballmers like sick monkeys talking about "Business Judgement Rules'' in disregarding market integrity and public trust.
Carl Icahn has committed securities fraud in the "Musc Hall of Shame ", full of deceptive devices. in wrongful secret deal .
He has no right to do so.
Yahoo' shareholders should do reject his proxy battle and also reject his "ill personal motive"
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