Icahn launches Yahoo proxy battle

(01:29) Report

May 15 - Billionaire Carl Icahn wants to force Yahoo to re-open takeover talks with Microsoft.

Icahn has criticized Yahoo for the breakdown in talks. He has accumulated 59 million shares of Yahoo, and put together a 10 member dissident board slate that he plans to propose at the company's July 3rd annual meeting.

Bobbi Rebell reports.

SOUNDBITE: Jay Dayha, Assistant Finance Professor, Baruch College

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