Carl Icahn Considering Attempt To Oust Yahoo Board

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Carl Icahn Considering Attempt To Oust Yahoo Board

By AP (via Yahoo), published on May 14, 2008 at 9:30 AM
Source: Tom's Guide US | Keywords: Icahn, Yahoo, Microsoft

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Billionaire investor Carl Icahn reportedly is snapping up Yahoo stock in preparation for a possible attempt to replace the Internet company’s board after the directors turned down Microsoft’s $47.5 billion takeover offer. Icahn has bought as many as 50 million Yahoo shares, both CNBC and The Wall Street Journal reported Tuesday. That would give Icahn a 3.6 percent stake in the Internet pioneer.

Read the complete story here.