Carl Icahn and Yahoo’s board exchanged fists on Friday as the billionaire investor demanded that Yahoo needs to make a deal with Microsoft. He demanded that the company put itself up for sale for little more than US$34 a share.
In a letter Friday to Yahoo Chairman Roy Bostock, according to the Wall Street Journal which posted the letter on its web site. Icahn told the board to stop avoiding the issue and publicly offer to sell the company to Microsoft for $34.375 a share.
The total would be about $49.5 billion, about $5 billion more than Microsoft’s original Feb. 1 bid for the company and $2 billion more than the last offer Microsoft made before taking the deal off the table early last month.
I still believe that this deal will not happen because of the tactics Microsoft is using to force Yahoo into selling. Yahoo is still a major player, but they’re slowly losing their loyalty amongst internet users to Google.
Google has developed a lot of tools “us internet users” can use to improve our internet experience.
What’s next for this on-going battle?
