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Is Carl Icahn Behind Yahoo’s New Talks with AOL?

posted on September 24, 2008


How about a little game of Jeopardy? Here’s your "Mergers & Acquisitions" question for $500.

"He owns shares in Time Warner, was just named to the Yahoo board (along with two cohorts) and appears to be behind a new talks with Time Warner’s AOL unit."

If you answered "Who is Carl Icahn?" then you and I are on the same page.

The eternal disrupter, Carl Icahn’s rear end is barely warming his seat on Yahoo’s board, and we’re already seeing reports that the company is once again interested in negotiating with AOL.

The green light for the talks came as Yahoo’s directors met for the first time since activist investor Carl Icahn was granted access to the boardroom. Mr Icahn and two allies, former Viacom (NYSE:VIA.B) boss Frank Biondi and former Nextel head Frank Chapple, were given seats at the board table as part of a settlement to head off a revolt at the internet company’s last shareholder meeting.

According to one person familiar with the company’s thinking, the Yahoo board approved a new round of discussions with AOL, though active deal negotiations are not underway at this stage.

OK, seriously. Did anyone NOT see that coming?

PS. And in case that doesn’t work out, Yahoo is apparently exploring the sell-off of some of its more valuable assets. Hmm, smells like Icahn’s handy-work as well!


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  • http://www.greatpriceshere.com Nicole Price

    No, I did not see that coming. With Icahn on board, I expected renewed negotiations with MS.

    Nicole Price’s last blog post..Most Value Packed Cars

  • http://www.marketingpilgrim.com Andy Beal

    @Nicole – yeah, maybe not AOL per se, but you just knew that Icahn would start talks with someone. ;-)

  • http://haiku-poems-blog.blogspot.com/2008/09/captivating-capiz-haiku-poem.html kouji

    i wonder if any of this will bear fruit months from now. or if this will just lead to disruption without real benefit.

    kouji’s last blog post..haiku poem: dry

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  • http://Msn.com Ralph Petrillo

    hoo Carl Icahn got completely conned into investing in Yahoo. He has lost close to one billion dollars. Not only will MSFT wait a few more months which will make Yhoo test $ 6 a share, but they will only want the search engine. Look for a testing of 8000 in the DJIA and for YHoo to go under 10 a share. Whenever Google goes to 310 to 330 , buy the 26 calls and sell the 300 puts. It is easy money. Yahoo and AOl makes no sense , and everyone knows it. yahoo has to swallow their pride and sell themselves to MSFT for 18 a share or timber down below. MSFT has tremendous cash flow. They can play the waiting game. Dell is a good buy at 13. CSCO has tremendous cash position and will test 20 in three months. Buy Yahoo is a sell unless MSFT buys it. MAke the call Jerrry and beg.

  • http://Msn.com Ralph Petrillo

    Google, Buy the 360 calls and sell the 300 puts when the stock hits 330

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