Icahn haz Yahoo board resignation

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

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

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

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

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

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

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

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

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”

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

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

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?

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

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

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

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

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

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

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