SUNNYVALE, Calif. — Yahoo Inc. sent a letter to shareholders Thursday in which it called Microsoft Corp.’s actions in its dance to acquire all or part of the Internet company “stupefying.”
The letter from Yahoo Chairman Roy Bostock and Chief Executive Jerry Yang also hammered investor Carl Icahn, Microsoft’s partner in the latest acquisition offer, for his lack of knowledge about the Internet business. It said the latest offer from “the odd couple” serves “only their very narrow special interests.”
The missive marked the latest bit of acrimony to surface in Yahoo’s scramble to maintain control of its board.
Icahn, a billionaire, has nominated a slate of candidates to oppose Yahoo’s current nine directors in an Aug. 1 shareholder vote at the Sunnyvale-based company’s annual meeting.
In attempt to avoid the showdown, Icahn and Microsoft teamed up with a buyout offer that Yahoo rejected Saturday. The terms are complex, but the deal would have involved splitting the company, with Microsoft taking the search engine and Icahn overseeing Yahoo’s remains.
Talk to us
> Give us your news tips.
> Send us a letter to the editor.
> More Herald contact information.
