proxy war

Talk about anticlimactic: Billionaire investor and proxy war ninja Carl Icahn isn’t going to bother showing up to Yahoo’s shareholder meeting on Friday.

In a post, Icahn–newly muzzled courtesy of a deal he cut with Yahoo–writes: I will not be attending.

The proxy fight is over and it will not do shareholders or Yahoo!

Yahoo and billionaire investor Carl Icahn have settled their looming proxy war. According to a statement, Yahoo’s board of directors will be expanded to 11 members and one of those seats will go to Icahn.

The two remaining seats will be filled based on recommendations from Icahn. In return, Icahn will drop his proxy contest.

Yahoo got its wish. Microsoft is no longer a possibility as a purchaser. The company improves short-term results by partnering on search with Google.

Carl Icahn may give up on his proxy war. And the company lives to fight another day–or at least until Aug.

Yahoo in an SEC filing fired its latest volley at billionaire activist investor Carl Icahn and defended its employee compensation plan.

The company, embroiled in a proxy war with Icahn, outlined an FAQ that it sent employees. The key excerpts: Mr.

Icahn says this Plan costs $2.4 billion. Is that what it actually costs?

As expected, billionaire Carl Icahn launched his proxy war to turn over Yahoo’s board of directors and one of his nominees is Mark Cuban, who sold Broadcast.com to Yahoo and then took those funds to buy the Dallas Mavericks.

Just for entertainment value I may buy a share just to vote for Cuban.

That Yahoo proxy war looks like it’s on, but with a new cast of characters. According to Reuters, billionaire investor Carl Icahn will move ahead with an alternate slate of board of directors.

The goal: Turn over Yahoo’s 12 directors at once and sell Yahoo to Microsoft–or someone else.

Just when you thought the Microhoo saga was over billionaire investor Carl Icahn wants in on the act. According to CNBC, Icahn has amassed as many as 50 million shares of Yahoo and is mulling over a proxy war.

He has until Thursday to declare an alternate board.

As Yahoo awaits Microsoft’s decision on whether to launch a proxy war, the company is moving closer to a search deal with Google.

Yahoo and Microsoft, which are negotiating through the Wall Street Journal, are trying to outflank each other.

Whether Microsoft ponies up more cash for Yahoo, walks away or launches a proxy war it will be CEO Steve Ballmer’s defining hour.

Ballmer addressed his troops in a town hall broadcast Thursday (Techmeme) that was attended for a bit by Silicon Alley Insider’s Henry Blodget.

Wall Street is a big prediction market and traders are increasingly getting antsy about Microsoft’s next move regarding Yahoo.

As we all know, Microsoft’s negotiate or else deadline passed on Saturday and it has been radio silence ever since.

The two primary moves for Microsoft are to launch a proxy war or walk away.