Icahn haz Yahoo board resignation
Carl Icahn, the Yahoo investor who attempted a hostile takeover of the company last year, has resigned from the board of directors.
Icahn’s move against Yahoo’s board, especially then-chief executive Jerry Yang, was prompted by the failure of the struggling company to reach an acquisition deal… Continue Reading
Roundup: IPhone glitches may be fixed in Sept., Netflix suffers outage and more
Here’s the latest action:
IPhone glitches may be fixed in September — A chip in the iPhone is being blamed for dropped calls and choppy web reception, according to BusinessWeek. The problems will hopefully be fixed next month with a software upgrade.
Netflix suffers shipping and distribution outage —… Continue Reading
After weird first date, Icahn avoiding Yahoo shareholder meeting because it’s like, totally awkward
In what sounds more like a Brad Pitt and Angelina Jolie date than a multi-billion dollar company’s shareholder meeting, Carl Icahn says he won’t show up so that it doesn’t turn into “a media event.” I can see it now, paparazzi perched in trees with… Continue Reading
Roundup: Yahoo’s bad (but not awful) day, Icahn’s wild weekend, shuffle at the top of Etsy and more
Here’s the latest action:
Yahoo has a bad day, but it could have been much worse — The Internet giant announced its earnings today and fell short of expectations, but only by about a penny-a-share. Net income was down 19 percent from the same quarter last year…. Continue Reading
Icahn haz seat on Yahoo board
There will be no fireworks on display at the Yahoo shareholder meeting on August 1. Or at least, they won’t be as bright. Billionaire investor Carl Icahn has reached an agreement with Yahoo to drop his pursuit of a hostile takeover of the company. In… Continue Reading
Microsoft says Microsoft is upset with the way Yahoo portrayed Microsoft
With each passing day the Microsoft/Yahoo/Icahn fiasco becomes less like a business deal and more like a televsion sitcom. But a bad one. With characters you don’t like. As such, I’ll keep this brief.
Microsoft finally got around to issuing a response to the statement Yahoo… Continue Reading
Yahoo rejects Microsoft / Icahn proposal, name drops Google
I’m not sure which classic rock song best describes the latest in the Microsoft / Yahoo battle: “The Song Remains the Same” or “Saturday Night’s All Right (For Fighting)”? Both apply in their own right as yes, Yahoo has rejected yet another proposal by Microsoft,… Continue Reading
Red Rover: Microsoft and Icahn lock arms, tell Yahoo to come over
The two key cogs pushing for a Yahoo takeover this year have been software giant Microsoft and billionaire investor Carl Icahn. Even though both wanted the same thing, their timing was always just a bit off. Now the two are teaming up. Yahoo is in… Continue Reading
Icahn haz…been busy, plans to blog on Yahoo shortly
Billionaire investor Carl Icahn is really turning into a blogger.
A lot of bloggers when they go a few days without writing chime in to give an excuse for the lack of updates. I do it on my personal blog too. And today we got such… Continue Reading
Icahn haz blog. Loves the word “absurd”
Yes, the rumors are true. Carl Icahn has launched a blog. If this week is any indication, he plans to use it heavily to bloviate on topics near and dear to his heart — namely his thoughts on Yahoo.
Icahn launched a hostile takeover effort of… Continue Reading
After a nice northern vacation in the upper $20s, Yahoo stock heads back south
When Microsoft made a bid to buy Yahoo on February 1, the Internet company’s stock was at $19.18 a share. Microsoft’s offer of $31 a share, a 62 percent premium, caused Yahoo’ stock to soar. It shot past $28 a share and soon was hovering… Continue Reading
Icahn issues a 5-point plan. Yahoo issues a 5-syllable response: Icahn is crazy
The back and forth between Yahoo and billionaire investor Carl Icahn, who is attempting to take the company over, is now arguably more entertaining than the formal letter wars during the whole Microsoft/Yahoo debacle.
Icahn recently got FTC approval to purchase a huge amount of Yahoo… Continue Reading
Icahn haz Jerry Yang’s job?
Billionaire investor Carl Icahn is back making waves for Yahoo again today. He’s now saying that if he is successful in his hostile takeover bid of Yahoo, he will remove its chief executive Jerry Yang, according to The Wall Street Journal.
Icahn believes Yang and Yahoo’s… Continue Reading
Icahn gets FTC approval to buy massive amounts of Yahoo stock
We’ve known that billionaire investor Carl Icahn had been trying to buy massive amounts of Yahoo stock to push ahead with his quest for a hostile takeover of the company. One speed bump in that plan was the Federal Trade Commission, which sometimes frowns upon… Continue Reading
Microsoft to Yahoo: We’ll take what we can get — or we’ll back Icahn
Well that didn’t take long. Barely two weeks after walking away from its proposed deal to buy Yahoo, Microsoft released a statement today that the two sides were back at the negotiating table “in light of developments.” Those developments are billionaire financier Carl Icahn’s hostile… Continue Reading
WPP is very happy about its Yahoo partnership — would be happier if it included Microsoft as well
When I first saw that Yahoo and the advertising holding company WPP were set to announce a partnership, my immediate reaction was: Here’s the first of many Yahoo attempts to rebuff Carl Icahn’s (and to an extent, Microsoft’s) hostile takeover bid. However, it seems that… Continue Reading
Yahoo responds to Icahn’s short story with War & Peace
If you’re Yahoo and you have to respond to billionaire investor Carl Icahn’s letter telling the company he was launching a proxy takeover, you don’t have too many options — you’re going to look weak no matter what you say. The way I saw it… Continue Reading
Mobile application provider Motricity to lay off many of its workers
Wherever investor Carl Icahn treads, there’s usually turmoil.
Now, one of his companies, Motricity, a Durham, N.C. provider of mobile content applications for telecom carriers, is preparing to lay off up to 200 of its 650 employees, according to a North Carolina business publication WRAL.
We haven’t… Continue Reading
AstraZeneca ups the biotech ante
Now that AstraZeneca has made the bold — or impulsive — decision to snap up MedImmune for $15.6 billion in cash, one big question is whether the U.K. pharmaceutical giant has kicked Big Pharma’s appetite for biotech acquisitions into high gear.
The green-eyeshade types are generally… Continue Reading