Icahn Says The Yahoo!-Google Deal Has “Merit”

Posted Jun 16, 2008

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).  Icahn actually complimented Yahoo!’s decision this time. 

“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.  This is a more positive statement than saying that Yahoo! created a doomsday device to prevent the Microsoft deal from happening. 

â??I 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?  We’ll find out on August 1st.