Icahn: Yahoo-Google "might have some merit"
Corporate raider Carl Icahn wanted Yahoo to sell to Microsoft, but after keeping quiet while Yahoo stock tanked last week, he's now making noises that he's okay with the Google deal. He told Reuters:
While the Google deal is not the same as an offer of $34.375 per share for Yahoo, I am continuing to study it, and it might have some merit. I continue to be extremely disappointed with the Yahoo management, but the Google deal might have some merit and seems to be better then the alternative deal proposed by Microsoft
To us, Icahn sounds like a defeated man. That's probably because he is. Once up over $120 million, thanks to his Yahoo adventures, Icahn watched as last week's stock drop took most of that back. (Photo by AP)