Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times reporter Sharon Chan.
May 15, 2008 10:29 AM
Posted by Benjamin J. Romano
The billionaire financier Carl Ichan today disclosed his 4.4 percent stake in Yahoo and his plans to oust the company's directors in a bid to take control and sell Yahoo to Microsoft. In his letter to Yahoo, sent 12 days after Microsoft dropped its bid to acquire the company, Ichan writes that Yahoo's board "acted irrationally and lost the faith of shareholders and Microsoft."
Microsoft, meanwhile, is quietly watching the scenario unfold.