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- 09/10/2008: Firefox users gain new location tool
- 07/10/2008: IT wages fall as credit crunch bites
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- 03/10/2008: Free Virus Removal Steps
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Archive for 07/07/2008
Microsoft and Icahn plot Yahoo coup
07/07/2008 by swordfish.
Microsoft says it is willing to reopen talks to buy all or part of Yahoo - but only if a new Yahoo board is elected.
Microsoft, which broke off talks in early May to buy the Internet company for $47.5 billion, says it would resume discussions immediately if a new board were elected at Yahoo’s 1 August stockholder meeting, providing a a major boost for investor Carl Icahn’s board slate.
The Microsoft statement comes after Icahn, the billionaire financier who holds over 4% of Yahoo, issued his own statement claiming he had “spoken frequently” to Microsoft CEO Steve Ballmer over the past week.
Previously, the two had not spoken.
Source: PC Pro
Posted in Yahoo, Microsoft | Print | No Comments »