Microsoft said it was open to renewing its bid for Yahoo’s search business, or even the entire company, if shareholders replace the Yahoo board with an alternate slate proposed by investor Carl Icahn. The endorsement lends heft to Icahn’s proposed boardroom coup, and follows frequent discussions between Icahn and Microsoft CEO Steve Ballmer. Yahoo’s annual meeting is Aug. 1. (AP in Yahoo! Finance)
The Bottom Line
July 8, 2008
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