Posted AT 8:29 PM EDT on 15/05/08
Icahn launches Yahoo proxy battle
SAN FRANCISCO — Yahoo Inc. Chief Executive Jerry Yang spent months fending off Microsoft Corp.'s unsolicited takeover bid. Now he may only have a few weeks to persuade the software maker to revive its last offer of $47.5-billion (U.S.), or risk being fired in a shareholder mutiny led by activist investor Carl Icahn.
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