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The Big Picture Part II: Yahoo and Microsoft's Saga

by Ian Paul on May, 26 2008 at 08:05AM EDT

In Part 1, Microsoft attempted to takeover Yahoo, but withdrew after discussions proved unfruitful. In this installment, Carl Icahn rides in to resurrect the deal and investors start to line up behind him. Will Jerry Yang and his crew fall to the ... Icahn raiders? We'll find out soon enough. May 3, 2008: After four months of phone calls, sit downs, dueling press releases and letters, Steven Ballmer officially withdraws Microsoft's offer to acquire Yahoo. (Source: microsoft.com ) May 5, 2008: Billionaire investor and hostile takeover veteran, Carl Icahn begins to increase his ownership of Yahoo ... (view more)

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