Carl Icahn will never give up! How will he when the software giant Microsoft is backing him and the entire shareholders speak his language? Billionaire investor and shareholder Carl Icahn filed a definitive proxy statement today nominating slate of nine directors to replace Yahoo’s current board members including its Chief Executive Officer, Jerry Yang.
On Sunday, Icahn and Microsoft Corp. jointly proposed for a restructuring of Yahoo board and its executive ranks and the sale of the search business to Microsoft. Microsoft can not be more shameless by backing Icahn in getting the deal done at any cost.
Icahn’s slate of directors recommended to the U.S. Securities and Exchange Commission obviously includes a list favorable to Microsoft and Icahn. The list would obviously speak and act what Icahnsoft orders.
The slate includes Adam Dell, managing general partner, Impact Venture Partners, Mark Cuban an entrepreneur and others. The persistent and adamant Icahn stated, “We believe that now is the time to enter into a significant transaction with Microsoft,” on a letter to Yahoo shareholders. He also stated that his current best-friend Microsoft would purchase all of Yahoo or its search business if the current board is replaced with Icahn’s own personal favorites.