Roundup: Yahoo gains key shareholder in proxy fight, Motorola sues former employee for giving secrets to Apple and more
Here’s the latest action:
Yahoo may live to die another day — Legg Mason Capital Management, which controls 4.4 percent of Yahoo’s outstanding stock shares, is backing Yahoo chief executive Jerry Yang and the current board of directors at the company’s upcoming shareholder meeting. This is a big blow to Carl Icahn’s hostile takeover bid. Yang is so happy, he even made an internal “victory” video, Silicon Alley Insider has the transcript.
Motorola sues a former employee now… Continue Reading