Investor activist Carl Icahn and Microsoft on Monday asked Yahoo investors to oust Yahoo's board and in its place elect Icahn's dissident slate, potentially paving the way for a purchase of the internet company in its entirety or just its search assets.
Yahoo co-founder and Chief Executive Jerry Yang issued another rally call to troops on Wednesday, according to a filing with the Securities and Exchange Commission.
Exclusive: Microsoft's Steve Ballmer, playing up to his legendary image as a hard-driving salesman, didn't mince words in discounting the gathering threat to Microsoft's ambitions posed by Linux.
Jerry Yang's resignation as chief executive of Yahoo opens the door wide for another Microsoft offer, analysts and shareholders said this week.
Yahoo announced on Saturday night that it rejected a joint-buyout proposal that Microsoft and investor activist Carl Icahn offered the night before, which called for a "complex restructuring" and sale of Yahoo's search business to Microsoft.
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