« Screen Actors Guild wants to Continue Old Way of Doing Business | Main | EMarketer Cuts Back on Social Network Ad Forecast »

May13
Carl Icahn May Put Yahoo Back Into Play

Sources claiming to have talked directly with Carl Icahn say he is seriously considering initiating a proxy campaign to oust some of the Yahoo (Nasdaq:YHOO) board members. The idea is probably to do it in hopes that he can bring Microsoft (Nasdaq:MSFT) back to the bargaining table.

The word is Icahn has bought up to 50 million shares of Yahoo in preparation for the battle. That's under 4 percent of the shares outstanding at the company.

carl%20icahn%20may%20be%20putting%20yahoo%20back%20into%20play.bmpIf this is to take place, it won't take long to find out, as Thursday would be the final day someone could run a proxy slate if they want to qualify for the July 3 annual meeting.

Concerning the potential this may happen, attorney Marc Weingarten said, "The odds are pretty decent. Yahoo has a lot of unhappy shareholders. And if someone could press the company in getting something done, I would think there is a decent chance at a transaction."

If anyone could get this done, it's Icahn, who has a tremendous amount of experience in getting companies back to the table to make deals. The billionaire investor also has the financial resources to run a successful proxy campaign as well.

The problem is other than Microsoft, there aren't really any other known options available where Icahn could bring immediate short-term value to shareholders. Microsoft has said it isn't interested in going back to the table. That could easily change of course, but it can't be absolutely counted on, unless there have been some behind-the-scenes talks not currently revealed.

One positive is it is known how much Microsoft is willing to spend on the company, after being turned down from their $33 a share offer, from which they walked away when Yahoo asked for $37 a share. That gives Icahn a solid parameter to work with if he decides to go forward.

With Microsoft not letting it be known if they would respond to this type of action, there's definitely some risk involved for Icahn; but who knows what's happening behind the scenes. It's very probable Microsoft would reenter negotiations if new board members were in place to make things go forward with minimal interference.

Marc Faber video talking about possible deal.


0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« Screen Actors Guild wants to Continue Old Way of Doing Business | Main | EMarketer Cuts Back on Social Network Ad Forecast »

Advertise

Related Resources

recent comments

    sponsored ads



    subscribe


    Prefer Email?
    Subscribe below-

    Enter your Email:


    Powered by FeedBlitz What's this?

    Current News

    Support This Blog

    blogroll


    My site was nominated for Best Marketing Blog!

    business social media

    Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

    BIZZlogos - Add your logo - free link to your site
    BIZZphotos - Add photos of your products and people
    BIZZprofiles - Submit your profile and build your online visibility
    BIZZspotlight - Spotlight your business with free links
    BIZZvideos - Videos about businesses, products and business people.
    BIZZbites - "Digg" for Business - Submit your articles and posts

    Know More Media - Sales / Marketing

    know more media network

    View Network Map

    Network Feed List (OPML)

    Know More Media Network
    Feed


    we support unitus

    PRWeb

    Influencer



    TheAlphaMarketer is a member of the Know More Media network of business related blogs.

    Here are some current headlines from some of our business publications:

    ProductivityGoal

    CallCenterScript

    AdHurl

    TheBizofKnowledge

    LandingTheDeal

    CustomersAreAlways

    HealthCareVox

    BrainBasedBusiness

    TheInsurancePolicy

    MarketingBlurb