Carl Icahn Considering Attempt To Oust Yahoo Board
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.
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