Icahn Pushing Again for Yahoo-Microsoft Deal
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Carl Icahn, the billionaire investor who made so much trouble for Yahoo last year, has spoken out in favor of a deal with Microsoft, which reportedly could be announced as early as this week.
"I've been a strong advocate of getting a search deal done with Microsoft," Icahn told Reuters. "It would enhance value if a deal got done, because of the synergies involved."
Icahn won himself a seat on Yahoo's board last year after amassing millions of shares and threatening a proxy war to wrest control of the company of then-CEO Jerry Yang and Chairman Roy Bostock to force a deal with Microsoft.
Essentially, the deal would be an advertising partnership, likely involving Microsoft paying billions up front and more down the road in a multi-year play for Yahoo's search business.