AHN
Home  |  News Briefs  |  U.S.  |  World   |  Celeb Buzz  |  Entertainment  |  Sports  |  Business  |  Health  |  Sci / Tech  |  Politics  |  Weird & Offbeat  
--- Advertisment ---

Icahn Puts $49.5 Billion Price Tag On Yahoo

June 6, 2008 2:00 p.m. EST

--- Advertisment ---
Ed Sutherland - AHN Editor

Sunnyvale, CA (AHN) - Billionaire investor Carl Icahn offered Yahoo more unsolicited advice: set a public sale price of $49.5 billion, or $34.375 per share. In a letter, the Internet company said declaring a sales price was "ill-advised."

The figure suggested by Icahn would be $2 billion more than the amount Microsoft offered in May. The software giant had offered $47.5 billion, or $33 per share before breaking off negotiations. Yahoo co-founder and CEO Jerry Yang had held out for $37 per share.

Earlier this week, Icahn said Yahoo should have renounced an employee retention plan that would have added to Microsoft's take-over costs. The activist investor is expected to present his candidates for Yahoo's board of directors when the Internet company meets Aug 1.



Copyright © 2003 - 2009 AHN - All rights reserved.
Redistribution, republication. syndication, rewriting or broadcast is prohibited without the prior written consent of AHN.
License AHN news for your website, business, digital signage network or publication.

Home  |  News Briefs  |  U.S.  |  World  |  Entertainment  |  Sports  |  Business  |  Health  |  Sci / Tech  |  Politics  |  Weird / Offbeat  

© 2009 AHN

Client Login  |  Submit News  |  Privacy Policy  |  Terms of Use  |  Contact  |  Content Services    All Rights Reserved