Sunnyvale, Calif. - Yahoo will add the former chief executive of Viacom, Frank Biondi Jr., and the former chief executive of Nextel Partners, John Chapple, to its board of directors from a list of nine possible new board members submitted by billionaire investor Carl Icahn. The addition of Biondi Jr. and Chapple is part of an agreement made to ward off a proxy fight with billionaire investor Carl Icahn.

San Jose - Today Yahoo’s (YHOO) board of directors and senior executive team met with shareholders, who heard upbeat presentations from Chairman Roy Bostock, CEO Jerry Yang, President Sue Decker and CFO Blake Jorgensen, which were followed by questions from shareholders, some demanding Bostock and Yang step down.

Sunnyvale, Calif. - Heading off a likely proxy battle, Yahoo (NASD: YHOO) said on Monday that it has reached a settlement with dissident investor Carl Icahn that will give the billionaire a seat on the company's board. Icahn, who owns a 5% stake in the company, will fill a seat, and will recommend nine candidates to fill two other seats.

Baltimore - In a major blow to dissent shareholder Carl Icahn, Legg Mason -- the asset management firm that owns 4.4% of Yahoo's (NASD: YHOO) shares -- announced on Friday that it will be supporting the existing Yahoo board, and not the dissident slate nominated by Icahn. On Aug. 1, Yahoo shareholders will vote to elect the entire board of the company.

Dulles, Va. - Media giant Time Warner (NYSE: TWX) may be on the verge of a deal to sell AOL to either Yahoo (NASD: YHOO) or Microsoft (NASD: MSFT), Reuters reported on Wednesday. Citing a source close to the situation, the news agency said that the talks have taken on "new urgency" as Yahoo's board prepares for a proxy battle against billionaire investor Carl Icahn at the company's annual meeting August 1.

Sunnyvale, Calif. - Billionaire financier Carl Icahn on Friday laid out his plans should he gain control of Yahoo (NASD: YHOO), including disposing of an employee severance plan that he called "perverse," replacing CEO Jerry Yang and offering publicly to sell Yahoo to Microsoft (NASD: MSFT) in a "friendly and cooperative transaction."

Sunnyvale, Calif. - Billionaire financier Carl Icahn will attempt to remove Jerry Yang as the CEO of Yahoo (NASD: YHOO), should he successfully gain control of the company's board, The Wall Street Journal reported on Tuesday. Icahn in an interview accused Yang and Yahoo's board of "completely sabotaging" Microsoft's (NASD: MSFT) recent takeover bid.

Sunnyvale, Calif. - Responding to a letter from rogue shareholder Carl Icahn blasting the company for failing to accept Microsoft's (NASD: MSFT) $33-a-share takeover offer and threatening a proxy fight for control of its board, Yahoo (NASD: YHOO) late Thursday fired back, saying that Icahn's view "reflects a significant misunderstanding of the facts."

New York - Angered by Yahoo's (NASD: YHOO) apparent unwillingness to be acquired by Microsoft (NASD: MSFT), billionaire financier Carl Icahn, who in recent days has become one of Yahoo's largest shareholders, said on Thursday that he will launch a proxy fight for control of the company's board. He also urged the company not to pursue any other deals with companies like AOL (NYSE: TWX), which potentially could hinder an acquisition. The move could also delay any move by Microsoft to acquire AOL.

Richmond, Va. - One month after revealing an unsolicited $1 billion takeover bid from Blockbuster (NYSE: BBI), consumer electronics retailer Circuit City (NYSE: CC) said on Friday that it will open its books to the video rental giant in preparation for a potential acquisition.

Schaumberg, Ill. - Motorola (NYSE: MOT) announced plans on Wednesday to split into two publicly-traded companies next year, one for its mobile device business and another for its broadband and mobility solutions. "Creating two industry-leading companies will provide improved flexibility, more tailored capital structures, and increased management focus - as well as more targeted investment opportunities for our shareholders," said Greg Brown, Motorola's president and CEO.

Durham, N.C. - Motricity, a provider of mobile content services, announced that it has raised $185 million in a round of venture capital, which was led by Advanced Equities, Carl Icahn and New Enterprise Associates.

Durham, N.C. - Motricity, a provider of mobile content publishing and delivery services, announced on Monday that it will acquire the mobile services business of InfoSpace for about $135 million in cash.