Sources Familiar With the Matter: "Sources Close to the Situation Totally Full of It"
The reason Microsoft (MSFT) hasn’t announced the slate of dissident directors it plans to nominate to Yahoo’s board isn’t that it’s already too deep in negotiations with Yahoo (YHOO) to bother–it’s that it can’t find any dissident directors to nominate. This according to “sources close to the situation” who tell the New York Post that Microsoft hasn’t managed to line up a single candidate for Yahoo’s board. Not a one.
Huh. That said, there is one little caveat.
Other sources–“sources familiar with the matter”–tell the Post that Microsoft does in fact have a slate of 10 board candidates and two alternates locked and loaded and will pull the trigger on nominating them if it must.
Holy Shiite … what a story. Incidentally, sources with knowledge of both “the matter” and “the situation” tell us that the Post has got this one dead wrong–the first part of it, anyway.