Yahoo major investor demands sale to Microsoft

 The takeover by software giant Yahoo just won't go away. Now the dispute between Yahoo management and major investor Carl Icahn is entering the next round. In an open letter on Friday, he called on Yahoo's top management to sell the company to Microsoft for 48.7 billion dollars. If the software giant does not agree to what he described as a "friendly and cooperative" offer, he would urge Yahoo to do business with Google, and major shareholder Icahn now wants to put his own candidates on the board of directors to force a resumption of merger talks with Microsoft. Yahoo's top management had rejected a 47.5 billion dollar offer from the software company as too low (see
In a response, Yahoo accused the billionaire of not having a credible business plan. At the same time, the company emphasized that it remains open to all transactions - including a sale to Microsoft - as long as they are in the interests of shareholders.