Yahoo reportedly settled on Icahn directors
The Internet company, which is due to add two Carl Icahn-approved nominees to its board of directors on Friday, reportedly is close to that decision.
Correction, 12:15 p.m. PDT: Fixes the backgrounds of Biondi and Meyer, which had been transposed.
With former AOL CEO Jonathan Miller apparently out of the picture, Yahoo is close to settling on two other directors from Carl Icahn's dissident slate.
Icahn, who had been seeking to grab control of Yahoo's board, agreed ahead of a shareholder meeting to a deal that gave him just three seats on the board.
Icahn himself was appointed earlier this month, with two other spots set to be announced Friday.
AllThingsD reported on Tuesday that Yahoo is likely to choose two members of Icahn's dissident slate--Frank Biondi and Edward Meyer. Meyer is a former head of the Grey Global advertising firm, while Biondi is a former Viacom CEO (I originally had their backgrounds reversed).
To make room for the new appointments, Yahoo is expanding its board from 9 to 11 members, while Icahn replaced Activision Blizzard CEO Robert Kotick, who stepped down from Yahoo's board. Icahn, who was pushing for Yahoo to rekindle deal efforts with Microsoft, owns around 5 percent of Yahoo shares.
