Yahoo To Icahn: Just Go Away

    May 16, 2008
    WebProNews Staff

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