Ichan's Odd Man Rush on Yahoo

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icahn-yahoo.jpgCarl Ichan is moving ahead with a Yahoo proxy battle and a new slate of 10 board seats including Mark Cuban.  He's shaken up things at Motorola and Time Warner so he's not the person you'd want to come knocking at your investor relations door. He picked up 50 million shares last week and has said he will buy up more shares ($ billion + shareholder already). All he needs to Gordon Crawford (with Capital Research & Management) and Bill Miller with Legg Mason who owns 80 million Yahoo shares and is the company's second largest shareholder to pull this off. He does not have Microsoft's commitment, but with a new board and willingness to accept the last offer, the deal may go through. Yang will have trouble blocking the Power Play shots on goal as Ballmer, Ichan and Cuban crash the net and head for the onion bag.

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This page contains a single entry by Paul published on May 15, 2008 1:32 PM.

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