VIEWPOINT: Icahn courts support in bid to replace Yahoo! board

Fri May 16 2008, 09:37 AM

Carl Icahn has gained more support in his battle to overthrow Yahoo!'s board and nominate a slate of 10 directors. Icahn, who says Yahoo! "completely botched" merger talks with Microsoft, is now backed by merger arbitrage specialist John Paulson. At the end of Mar, Paulson's USD30bn hedge fund, Paulson & Co, owned 50m shares - or a 3.6% stake - in the internet company. Icahn owns 59m shares worth USD1.6bn in the company.

Upgrade Required

To access this content and our full archive of articles on 30,000+ companies, you are required to be a StrategyEye subscriber.

We offer a range of subscription options. Complete the form to request one of our packages.

Product information >>
Already a subscriber? Login >>

Upgrade or Request a Trial