Carl Icahn accumulates 50 Million Yahoo Shares
Billionaire investor Carl Icahn had reportedly brought Yahoo Inc.’ stock possible for attempting to push aside the Internet giant’s board and get the company’s disappointed suitor, Microsoft Corp., back to bargain table. He thing to bring revolution by accumulating 50 Million Yahoo shares, which is actually a stake of about 3.6 percent at Sunnyvale-based Yahoo Company, both CNBC and The Wall Street Journal, according to yesterday’s report. Both media openings quoted unidentified people common with the matter.
Icahn till now had not returned messages asking comment as of late Tuesday. He faces a Thursday deadline to present an alternating schedule of directors to oppose Yahoo’s board at the company’s July 3 annual meeting. Spokesmen for Yahoo and Microsoft refused to comment on any further speculation.
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