Yahoo rejects “take-it-or-leave-it’ restructuring plan cooked up by Icahn and Microsoft(0)
The Yahoo drama just heated up yet again. Shortly after midnight EDT, Yahoo released “confirmation” that it had rejected a joint proposal from Microsoft and Carl Icahn proposing a “complex restructuring” of the company that would leave Microsoft owning Yahoo’s search business and immediately replace the current Yahoo board with Icahn’s proposed slate of directors.
The plan was evidently given Friday evening to Yahoo’s board, which “was given less than 24 hours Read the rest of this entry »
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