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 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.
Microsoft and Yahoo once again speaking to each other, with sources saying the latest talks involve a deal short of an acquisition.
Oracle announced Tuesday it completed its US$8.5 billion acquisition of BEA Systems, bringing to a close a contentious buyout effort that began last spring.
Google's top brass are meeting Monday to figure out a response to how Microsoft's new overtures toward Yahoo affect Google's potential ad deal with Yahoo.
As Microsoft's deadline for Yahoo to accept its takeover bid passes, the tech world is still waiting for information from either company on their wedding plans.
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