Yang Slams 'Destabilizing' Microsoft Plan

CEO accuses Icahn-allied giant of pretending to want deal
Posted Jul 9, 2008 8:49 AM CDT
Yang Slams 'Destabilizing' Microsoft Plan
Exterior view of Yahoo headquarters in Sunnyvale, Calif., Wednesday, July 2, 2008.    (AP Photo/Paul Sakuma)

Yahoo CEO Jerry Yang launched a fresh offensive in the Yahoo-Microsoft war of words yesterday, reports the Wall Street Journal. Microsoft has said it would be interested in reopening merger talks if Yahoo's current board was replaced—but the Yahoo co-founder accuses the company of tactics to destabilize Yahoo without any real interest in cutting a deal.

Yang also hit out at activist investor Carl Icahn, who is waging a proxy battle to unseat Yahoo's entire board at its August 1 meeting, and plans to replace Yang if he succeeds. "To trust Mr. Icahn and his board is really a bad choice," Yang said. "I can bring stability back to Yahoo. The destabilizing by Microsoft has become more and more intentional. I am not happy about it." (More Jerry Yang stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X