Yahoo Investor Icahn Backs Microsoft Search, Advertising Deal

Authored by Mark Hefflinger on July 20, 2009 - 8:24am.

San Francisco - Yahoo (NASD: YHOO) investor and board member Carl Icahn has spoken out in favor of a search and advertising deal with Microsoft (NASD: MSFT) that was reported last week to be nearing completion, Reuters reported. "I've been a strong advocate of getting a search deal done with Microsoft," Icahn, who owns about 5% of Yahoo, told Reuters.

"It would enhance value if a deal got done, because of the synergies involved."

The blog All Things D reported last week that Microsoft and Yahoo were close to signing a multi-billion dollar deal that would see Microsoft assume Yahoo's search advertising business.

Related Links:
http://snipurl.com/nlndv (Reuters)

http://snipurl.com/nlng3 (DMW previous coverage)

http://www.icahnreport.com