You’ve heard said "keep your friends close, but your enemies closer," now Yahoo wants to test the boundaries of that maxim to the full.
The Times Online is reporting Yahoo’s efforts to partner-up with Time Warner and possibly merge with the media company’s AOL unit–a deal worth as much as $10 billion! However, the clock is ticking…
Jerry Yang, co-founder and chief executive of Yahoo! is threatened on two fronts in the short term.
The first is a hostile break-up approach from Microsoft and the second is a boardroom coup by Carl Icahn, Yahoo!’s major shareholder.
Mr Icahn, the billionaire activist investor, has already nominated himself and other executives to replace the existing Yahoo! board.