Plays dead. Sort of.
Yahoo agreed to give Carl Icahn three Board seats to end the proxy fight, but that's all they ended.
In his statement, Icahn said he "believe(s) that the sale of the whole company or the sale of its search business in the right transaction must be given full consideration." I'm guessing he also believes that he should make a pile of money on his Yahoo investment, which he hasn't yet, so don't expect him to sit quietly while Yang and his boys "fix" the company.
Yahoo has proven that they can't compete with Google. Teaming with Microsoft was probably their best option from the get-go.
I wonder what Microsoft is thinking.
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