Yahoo in the news, again

July 3, 2008

carlicahn.jpgDoes anyone love Yahoo? It’s difficult to say. But everyone sure does love talking about Yahoo.

After a flurry of media and blog reports this week (including ours) on whether Microsoft is holding new talks with media companies about Yahoo, AllThingsDigital turns to the looming proxy battle between Yahoo CEO Jerry Yang and activist shareholder Carl Icahn on Aug. 1.

Kara Swisher reports that Yahoo is contemplating offering two board seats to Icahn to assuage his demands for a new slate of board members. The problem though is that Icahn wants at least four, according to ATD.

Keep an eye on:

* Weather Channel’s $3-3.5 billion sale to NBC Universal, Blackstone Group and Bain Capital could be announced in the next day or two, source said. (Reuters)

* Taylor Nelson rejects improved 1.08 billion pounds offer from WPP (Reuters)

* L.A. Times to cut 250 jobs, 150 in editorial (Reuters)

* Music sales plummet by 11 percent in 2008 (NY Post)

(Photo: Reuters)

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What is this turning out to be? A power-sharing coalition in parliamentary democracy? Yuck!

Posted by Narayanan Madhavan | Report as abusive