Icahn Says The Yahoo!-Google Deal Has “Merit”
carl Icahn, a major shareholder in Yahoo! Inc. (NASDAQ:YHOO) issued a new statement today about the partnership Yahoo! made with Google Inc. (NASDAQ:GOOG).Â Icahn actually complimented Yahoo!’s decision this time.Â
“While the Google deal is not the same as an offer of $34.375 per share for Yahoo, I am continuing to study it, and it might have some merit,” stated Icahn.Â This is a more positive statement than saying that Yahoo! created a doomsday device to prevent the Microsoft deal from happening.Â
â€œI continue to be extremely disappointed with the Yahoo management, but the Google deal might have some merit and seems to be better then the alternative deal proposed by Microsoft.â€
Will Icahn continue to push for his slate of a new board of directors?Â We’ll find out on August 1st.