Microsoft hasn't talked with Icahn on Yahoo

Sun May 18, 2008 11:38pm BST
 
Email | Print | | Single Page
[-] Text [+]

NEW YORK (Reuters) - Microsoft has not had discussions about Yahoo with activist investor Carl Icahn although it has reached out to Yahoo, a person close to Microsoft said on Sunday.

Microsoft walked away from its $47.5 billion (24.3 billion pound) buyout offer of Yahoo earlier this month after Yahoo rejected its final offer of $33 a share, holding out for at least $37 a share.

Icahn has launched a campaign to replace Yahoo's board with directors who would reopen talks with Microsoft and harshly criticized Yahoo for the breakdown in talks.

(Reporting by Anupreeta Das, writing by Sinead Carew, editing by Gerald E. McCormick)

 
A share trader is pictured behind a mock one dollar bill and a mock 500 Euro note symbolizing a consumer credit note, at the German stock exchange in Frankfurt, December 18, 2008. REUTERS/Kai Pfaffenbach
Credit headwind

News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows.  Full Article 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives
Currency
US $ inGBP =0.6170
Euro inGBP =0.8608
¥en inGBP =0.0067

Most Popular on Reuters UK

  • Articles
  • Videos