Yahoo is "Fired" at FinGad.com

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Categorie: Equities
Submitted 6 months ago by

Michael , Director of Engineering at Auctoritas

I wrote a review earlier "Carl Icahn steps in and buys 50M shares of Yahoo after Microsoft walks away" on FinGad. And guessed that Icahn will take some sort of action against the board. Well, no surprise. Icahn has selected an alternative board, interestingly with Mark Cuban on board, and is pushing a battle on Yahoo!'s management with the top majority shareholders of the company. Techcrunch reported on this here, with a clever headline: "Dear Yahoo: You're Fired" What a position to play. The man acquired over $1.5B of Yahoo! stock and combined with other top 2 or 3 shareholders, will have a 15% ownership battle. He's going after more shares after regulations are cleared. Yahoo!'s board responds, interestingly from the chairman and not Jerry, here: Full TextIn this card game, successful CEOs expressed that for Microsoft to walk away from the deal would be a conspiracy theory. This is wonderfully expressed here, before the news of Microsoft walking away: Marc Andreessen blog.&... More...

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