Carl Icahn is leading a charge to replace the board at the Internet icon and push for a dealEvery day it looks more likely that Yahoo! co-founders Jerry Yang and David Filo will lose control of the company they built into the Net’s first iconic brand. Days after they appeared to have dodged an unsolicited $47.5 billion acquisition bid from Microsoft, raider Carl Icahn began buying millions of Yahoo shares, building up a 4.3% stake.On May 15 he announced plans to replace Yahoo’s board in hopes of getting the company back to the negotiating table with Microsoft. Apparently with some success: On May 18, Microsoft signaled renewed interest in Yahoo by jumping back in with a fresh proposal that involves, as one option, taking over Yahoo’s search-advertising business.
http://businessweek.com/magazine/content/08_22/b4086000351097.htm