p2pnet - rss feed: Microsoft: new Yahoo effort
p2pnet news | Products:- What’s an “activist investor”?
It’s someone who’s thirsting for some of the cash Microsoft would pour into Yahoo if only it could.
Under a new proposed deal by Microsoft for Yahoo announced over the weekend, Bill and the Boyz aren’t looking for a full-out acquisition.
Instead, “In a statement Sunday, Microsoft said it has presented to Yahoo! ‘an alternative that would involve a transaction with Yahoo! but not an acquisition of all of Yahoo!’,” says TheStreet.com, going on although Microsoft isn’t making a new bid for all of Yahoo, it, “reserves the right to reconsider that alternative depending on future developments and discussions that may take place with Yahoo! or discussions with shareholders of Yahoo! or Microsoft or with other third partiesm,” says the story.
So that about this “activist investor”?
He’s Carl Icahn who’s launched a proxy fight to replace Yahoo!’s recalcitrant board, “in an effort to get Yahoo! to restart negotiations with Microsoft,” according to TheStreet.com.
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.Stumble It!
TheStreet.com - Microsoft’s New Proposal Lifts Yahoo!, May 19, 2008
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