Icahn vs Yang

With a net worth of over $14 billion, Carl Icahn is the 46th richest man in the world, owning stock of the video game publisher Take-Two Interactive, Motorola, as well as many other large companies, but what's interesting for today's topic is the fact that, on the 13th of May, 2008, he bought 50 million Yahoo shares, and now he's doing something he has done before - pressuring a company to consider takeover bids... or taking out those who oppose this!


Yes, yes, this is yet another round of the Yahoo-Microsoft match, but the Redmond giant is not in the field now. According to a Wall Street Journal report, Carl Icahn will try to take out Yahoo's cofounder Jerry Yang from its CEO position, and then push things further.

Accusing Yang of being unwilling to consider Microsoft's offer and costing the company money in his efforts to deter the deal, Ucahn said that unless the board is ousted and Yang removed from its position, Microsoft will not make any deal with Yahoo.

According to the Journal, Icahn will make a public statement regarding its concerns with Yang and the Yahoo board tomorrow, and I don't want to think where is this going to end up.

After all, it seems we can't sleep well yet, and I am sure Yang won't have a good night's sleep either. The whole Yahoo-Microsoft deal takes a new and interesting turn, and I wouldn't bet anything precious on the outcome of this story. What do you think? Is it possible for Yang and the current board to hang on in there and keep the company afloat, or...