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Billionaire investor Carl Icahn, in an open letter, has accused Yahoo of botching deal with Microsoft.

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Yes it was in January 2007 that Yahoo board rejected Microsoft offer of $40 per share which is 30% higher than what Microsoft recently offered. On January 31 this year Microsoft delivered to Yahoo board a merger proposal, offering to pay Yahoo shareholders $31 in cash or Microsoft stock- a 62% premium over Yahoo’s then [...]

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Well, like people say “never say never”, Microsoft has sent another proposal to Yahoo for possible acquisition. This time it would not involve the acquisition of all of Yahoo’s assets although Microsoft said it “reserves the right”‘ to reconsider its bid to acquire all of Yahoo.

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Following is the full text of Yahoo Chairman Roy Bostock’s reply to Carl Icahn. To read Carl Icahn’s original letter that was sent to Yahoo click here.

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Following is the full text of Carl Icahn’s letter to Yahoo’s Board of Directors on “proxy” issue. This letter was sent to Yahoo today along with the attached biographies of ten nominees for the Yahoo! board. To read Yahoo Chairman Roy Bostock’s reply click here.

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Billionaire investor Carl Icahn, a veteran of numerous proxy battles is thinking of mounting a proxy campaign to replace Yahoo Inc board members, according to a reliable source. He wants both companies to come back to the negotiation table after Microsoft walked away from Yahoo a few days ago.

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Hewlett-Packard has confirmed of buying outsourcing giant Electronic Data Systems for $25 per share. This works out to around $13.9 billion. The deal has been signed off and now it is pending before government regulators and EDS shareholders for approval. Rumours of the deal surfaced yesterday, and HP has confirmed that the purchase was unanimously [...]

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About a month ago Google and Yahoo announced advertising deal but there is a possibility that the two companies might take the next step by going for a merger. After the forbidden Microsoft-Yahoo deal, Google-Yahoo deal is already under scrutiny and is sure to draw the attention of various anti trust regulators. Consumer groups are [...]

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According to the Sunday Times, Vodafone may offer $39 billion to buy MNT Group Ltd. which is the largest mobile phone company in Africa. Vodafone’s CEO Arun Sarin told his acquisition team, led by former UBS AG banker Warren Finegold, to seek ways to buy Johannesburg- based MTN. MTN Financial Director Rob Nisbet said he [...]

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A couple of days ago Intology.com started a poll about the possibility of anti trust case against Google. Seems like it’s going to be much sooner than expected. On Tuesday Google’s top executives discussed how they might try to deflect antitrust concerns of a possible ad-sharing deal with rival Yahoo, advising observers to look at [...]

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