As if Carl Icahn’s letter to Yahoo’s board wasn’t provocative enough, Icahn’s proxy board slate includes at least one name likely to get Yahoo’s dander up: Mark Cuban.Cuban, you may recall, sold Broadcast.com to Yahoo for $5.7 billion in 1999, and thus ca
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CBS is buying CNET for $1.8 billion and all over Silicon Valley people are wondering how a company in the middle of a proxy battle scored a 45% premium off yesterday’s stock price. Did CBS overpay or is it possible it got a bargain? Aaron Task and I discu
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Few things lift Wall Street’s animal spirits like mergers and there were deals and potential deals aplenty Thursday, helping lift major averages. Importantly for short-term focused trades, the S&P 500 broke above its May 2 high of 1222.72 after being
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“It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft,” Carl Icahn writes in his tersely worded letter to Yahoo’s board. “It is unconscionable that you have not allow
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From paidContent.org, May 15, 2008:Just got off the phone with CBS CEO Leslie Moonves in his first interview following the announcement that CBS (CBS)
will acquire CNET for $1.8 billion in cash. …
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Updated from 9:17 a.m. EDTAs was widely anticipated, Carl Icahn Thursday morning launched a proxy slate to replace Yahoo’s board of directors, The Wall Street Journal reports.”It is clear to me that the board of directors of Yahoo
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While Yahoo (and Microsoft) sharesholders await Carl Icahn’s next move, tech M&A continues apace: CBS announced this morning it is buying CNET for $11.50 per share, a 44% premium over Tuesday’s closing price.The $1. …
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Freddie Mac’s earnings report more clearly than ever defined the battle lines between the company’s shareholders and the government, which sees it as one of its main tools to bolster the housing market.
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