Filed under: Deals

Will he or won’t he? That’s the question of the day surrounding Yahoo! Inc. (NASDAQ: YHOO) amid speculation that Carl Icahn could be close to staging a proxy fight for control of the company’s board of directors. A formal announcement of his plans could come as early as Wednesday, according to reports, just ahead of a Thursday filing deadline for Yahoo!’s annual meeting July 3.

Icahn probably would not go to all the trouble of amassing a 3.5% stake in Yahoo! if he wasn’t intent on pursuing a proxy battle, though there are a number of potential roadblocks that could thwart him.

The biggest appears to be whether Microsoft Corp. (NASDAQ: MSFT) would still be interested in acquiring Yahoo! should Icahn take over the board. All indications are that the company has moved on, though it’s entirely possible Microsoft is just posturing and would gladly come back to the negotiating table if it could acquire Yahoo! for $33 a share, or $47.5 billion, its last offer price.

Continue reading at TechConfidential.com.

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This entry was posted on Monday, May 26th, 2008 at 12:10 pm and is filed under Engagements and Deals News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.