Yahoo, Icahn Settle: Carl Gets Three Seats, Ends Proxy Fight

I see nothing good coming from this, the board seems to have a deaf ear to the real world

Nice.... Microsoft offer gone. Now stocks worth about $5 a share, nice job jeeeery..

I wonder what Icahn has to say diffrent then sell, sell, sell as a member off the board .

interesting that they do this the day before they announce earnings... my guess is this was agreed to given that board had visibility into ugly earnings and hence figured they'd better settle this now rather than risk a vote after poor earnings are reported....

Jerry does not own ANY yhoo stock, his $ is in csco. This was a personal anti Microsoft vendeta at yhoo shareholders expense. Earnings are going to tank this tomorrow. And goog is laughing all the way to the bank. Nice job Google. Now you can buy both Microsoft and Yahoo for a nickel on the dollar. .... Nice job ying yang.

what will they do about the asian assets?

Yahoo will be $15 in a month without a deal. Very unfortunate. Why couldn't Yahoo see Microsoft as an ally in a huge battle with Google? Sorry, but Yahoo isn't close to catching Google's market dominance even though they are technically #2 in market share. Now that this skirmish is over between MSFT and YHOO, it's for them to declare peace and figure out a way to combine forces to become a real threat to Google. Egos are great for builing a company, but they are equally effective in destroying one. Wake up Ballmer and Yang, make this deal happen before it's too late. Hey Steve, do you really want Google to end up being the "Windows" of the 21st century when cloud computing takes over? Can you say 92% market share? If you can't figure this deal out, get used to being in Google's shadow.

Yahoo will be $15 in a month without a deal. Very unfortunate. Why couldn't Yahoo see Microsoft as an ally in a huge battle with Google? Sorry, but Yahoo isn't close to catching Google's market dominance even though they are technically #2 in market share. Now that this skirmish is over between MSFT and YHOO, it's for them to declare peace and figure out a way to combine forces to become a real threat to Google. Egos are great for builing a company, but they are equally effective in destroying one. Wake up Ballmer and Yang, make this deal happen before it's too late. Hey Steve, do you really want Google to end up being the "Windows" of the 21st century when cloud computing takes over?

Icahn's interest is to recoup his money. The seat on the board will help him achieve that goal. Legg Mason is going to have a lot of input as far as mergers go. Merging rumors will push the stock up to the $30/$40 dollar range. August will shed a light on the future of Yahoo.

Carl is slating his risk of losing the proxy battle and settling for a mild-at-best victory. Assuming his 2 nominees are on board with all of his decisions, he still will have to convince 3 other board members to sign off with his strategies. Remember that Yang is and has been a board member and this will give him extra leverage with the board members when chopping block time comes around. Yahoo is increasing security for the officers positions by increasing beauracracy, a certain check against the investors. It now seems as if Carl's goal from the beginning was to get power on the board not so much sell to MSFT. Estimates are for the stock to go down to $15 and below. I say it will stay around $20, either way thats down (at least) $14 bucks from the share price of $34 in late october of '07. Now remember that Yahoo got screwed by the current board last time MSFT was attempting a purchase at 32 or 33 (cant really remember). If I was holding, I would get out now despite the possibility of a sale for like $28 or something like that. I doubt Icahn will be as gung-ho on selling now that he's on the board and with Yang still in a power seat, its gonna be harder to finalize a sale (especially now that MSFT wont be buying above $30) No doubt about it, theres better places to have your money right now.

Maybe if they can get that moron Yang out of there Yahoo! can actually get heading in the right direction. How is it that someone as idiotic as that guy can retain a position at the helm of a multi-billion dollar organization? Founder or no, it's time to hand over the reins to someone with a brain in their head.

Yahoo will eventually sell to someone, but in a much lower price in the future. Short Yhoo...

apparently most of you guys don't read except for crying foul over the possible merger. If you were smart, you would have sold when the news first hit, but you really though MSFT would cave at $37. Icahn is here to recover his investment. He apparently bought at about $25 per share and he's not going to get a dime out of it except being a seat warmer with his friends. Is Miller really on Icahn's side? That one is 50/50. MSFT's shares were slipping since they made the acqusition announcement. Their sharegolders aren't really in favor of this deal to go through.

Icahn is one tough cookie, but Yang has a pretty strong will himself. It seems as though Yang doesn't really want to cut a deal with Microsoft, but seems to be taking an attitude somewhat akin to "Okay, I don't want to do this, but if you make me an offer I can't refuse then I'll accept, because then I can retire and won't have to ever work again!" Icahn may have underestimated how tough it is to deal with Yahoo. That's not to say Yahoo's doing things right, either. This seems like a lose lose situation. Icahn loses money, nothing gets done, Yahoo's stock goes lower and Microsoft gains no ground against Google(Well, actually it could be good for Google, but Google didn't really gain anything-they're no better and no worse than before-only better in the sense that they are in a better position than had Yahoo and Google merged)

Everyone should bail out now! The scum sucking leech, Icahn, has attached himself to another doomed company. Why do we let these industrial terrorists get away with reeking havoc on our most proud corporations?

most proud corporations... like yahoo and motorola? least proud maybe...

Most likely outcome: A deal will get done. Microsoft needs Yahoo too much for a deal not to get done. Yahoo needs a lot of cash to catch up to Google. Microsoft is a cash machine, but without good growth prospects. Yahoo provides the growth platform....Microsoft provides the investment cash. Linking Yahoo to the Microsoft Windows platform will be worth 5% points of market share in search/ads. Meanwhile, the FTC will not let Google be the only on-line advertiser of significant size, so it will finally quit biting Microsoft [Government antitrust idiots should all be tarred and feathered, especially in Europe--the European ones are especially galling--their businesses cannot compete, so they sick the Europe government on American businesses to drain them and slow them down--cynical, hypocritical jerks--and Google cheers them on to hurt Microsoft--"do no evil"--what a joke]. Anyway...back to the narrative: Ichan will make his money back and then some. Jerry Yang will be forced out. Too many people hate him for him to be able to survive this. Soon the board will acknowledge he simply has too much baggage, and his board supporters will peel off, one by one. The deal will get done at $28/sh. Balmer will look like a genius for saving $Bs of Microsoft's money. The combined platform will finally give Google a run for its money.