New Microsoft/Icahn Deal Details Semi-Sweet to Yahoo, Now Turns Sour for All

If you want to get to the heart of the truly dysfunctional relationship between Yahoo and Microsoft, consider the alleged 24-hour deadline that Yahoo claimed Microsoft and its sidekick, activist investor Carl Icahn, gave the company to respond to its most recent search proposal. I say “alleged,” because like in all things related to this takeover mess, the pair disagree on exactly what that meant. Frankly, it’s enough to make former President Bill Clinton’s definition of what “is” is make sense. Before we get to this disagreement, here are the terms of the new Microsoft/Icahn joint deal to take control of Yahoo’s seach business, according to numerous sources from both sides.

MicroHoo: Sybil Has Nothing on Steve Ballmer

Hopefully, we will find out this morning the 411 on the Microsoft’s (MSFT) latest parry in its attempted takeover of Yahoo (YHOO). But, before that, let me get this straight: Microsoft CEO Steve Ballmer now wants to go hostile on Yahoo with a proxy fight. Because earlier this week, he sent smoke signals that he [...]