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Yahoo To Icahn: Just Go Away

Shockingly enough, Yahoo doesn't want a takeover

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Carl Icahn’s hostile board takeover bid received a cold reception from Yahoo, which tried to justify why it rejected Microsoft’s lucrative acquisition offer.

Yahoo knows best, says Yahoo. The company responded to Icahn’s challenge with a letter of their own, citing problems with Microsoft’s offer.

Icahn complained that Yahoo’s board “acted irrationally” in failing to hammer out a deal. But Yahoo chairman Roy Bostock said it was Microsoft’s failings that scuttled talks.

“With Microsoft

Yahoo To Icahn: Just Go Away
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  • http://www.premiernetclicks.com Steven Balusik

     

    Karl Icahn’s letter is so much manure. The guys reputation proceeds him. How does he expect anyone to believe that he is sincere much less authentic in anything related to the best interests of anyone other than himself. He would like the world to believe that he is championing Yahoo and it’s stock holders. Please! His motivations are simple, he wants to cash in bigtime! Hsi manifesto is: all is well that ends in profit. And hey, that is fine if that is who he is. But, please don’t try to sound like the benevolent hero while you are raiding the piggy bank.