Carl Icahn interested in Yahoo Lucia Hrusovska
Action connected with a company Yahoo Incorporation still continues. Another considerable subject has recently started being interested in the process between Yahoo and another big and powerful company Microsoft Corporation. Carl Icahn, who is a mighty investor, well known in this business area, led off to prepare for a future possible attempt to make Microsoft sit back at the table together with Yahoo Inc. and reopen a bargain. Carl Icahn is an American billionaire financier, private equity investor and corporate raider. Taking into consideration a last year research, he is considered to be the 46th richest man in the world, which makes him pretty important and respectful article of a whole financial market. According to recent reports of people, who are familiar well with this matter, Icahn has amassed more than fifty million Yahoo shares so everybody is wondering what his next step will look like. In the past, Carl Icahn were engaged many times in processes like this one. Between the companies which had to face their furious shareholders because of doubtful strategies and poor performances belongs for instance Motorola Incorporation, Mylan Laboratories Inc. or Blockbuster Incorporation. The initial offer from the side of Microsoft, which Yahoo immediately rejected though, was at the value of $44.6 billion, which represents $31 per share. Later, Steve Ballmer, the Chief Executive of Microsoft even raised a company's bid to $ 47.5 billion . However, this figure still was not big enough for Yahoo, which were asking for unbelievable $ 37 per share. Yahoo executives believe, that the value of the company is higher than $50 billion, especially when it achieves its goals related to net revenue growth in 2009 and 2010.
related story: http://news.yahoo.com/s/ap/20080513/ap_on_hi_te/yahoo_icahn;_ylt=Am9x9qzw0AU7RpToxUgVER.s0NUE
| by Lucia Hrusovska for PocketNews (http://pocketnews.tv) |
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edited by Tatiana Kucharikova
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posted by Blog TechSource @ 5:36 AM
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