Microsoft (MSFT) makes another offer for Yahoo! (with Icahn)
From Here:
Late Friday, Microsoft (NASDAQ:MSFT) and Carl Icahn made an offer to the Yahoo! (NASDAQ:YHOO) board. Microsoft would buy Yahoo!’s search business and Icahn would take the rest of the company. Yahoo! was given one day to respond.
The Yahoo! board rejected the offer.
According to Reuters, “This odd and opportunistic alliance of Microsoft and Carl Icahn has anything but the interests of Yahoo’s stockholders in mind,” Yahoo Chairman Roy Bostock said in the statement.