21 result(s) displayed (1 - 21 of 21):
Icahn has bid adieu to Yahoo!. Months after publicly battling management to sell the company to Microsoft Corp. (NASDAQ:MSFT), billionaire activist investor Carl Icahn quietly announced his resignation from Yahoo! Inc.'s (NASDAQ:YHOO) board on Friday. The Deal Pipeline (subscription required) has more details on the Microsoft-Yahoo! search deal and earnings.Yahoo!...
Posted on October 26, 2009 10:04 AM
There were many events leading to Time Warner Inc.'s (NYSE:TWX) spinoff of Internet unit AOL LLC -- reversing a $180 billion merger -- and we've compiled quite a bit of info. It was three years ago former TW chief Richard Parsons thwarted activist investor Carl Icahn's bid to split off...
Posted on May 28, 2009 1:00 PM
Call it a coincidence, but Biogen Idec Inc. (Nasdaq: BIIB) just hired a former M&A lawyer and venture capital veteran as Bloomberg reports the firm's is in talks to acquire Acorda Therapeutics Inc. (Nasdaq: ACOR) The potential deal is apparently to gain an experimental pill for patients with multiple sclerosis,...
Posted on February 24, 2009 3:36 PM
The Microsoft Corp.-Yahoo! Inc. marriage is off, as Tech Confidential's Alain Sherter so eloquently explains. Microsoft CEO Steve Ballmer said there will be no outright acquisition of Yahoo!, but did say a partnership in the search engine market is possible. Ballmer didn't give details about what that deal may...
Posted on November 7, 2008 9:16 AM
What do Carl Icahn and Steve Schwarzman (pictured right of Icahn) have to say about the imploding economy? Thanks to Yale University, you can find out for yourself. The activist investor and Blackstone Group LP co-founder spoke at the university recently and their lectures are available on Yale's Web site....
Posted on October 17, 2008 1:02 PM
He pushed for a sale that didn't happen and failed to get three allies on Biogen Idec Inc.'s board. Known for his relentlessness, activist investor Carl Icahn has now increased his stake in the biotech giant from 4.3% to 6% for about $259 million -- the company has a market value of about about $14.89 billion ...
Posted on August 12, 2008 9:41 AM
Bristol-Myers Squibb Co. has initiated another step on its path from a diversified health and consumer products company to a focused biopharmaceutical firm. On Thursday morning Bristol-Myers chairman and CEO James Cornelius sent a letter to ImClone Systems Inc.'s chairman Carl Icahn about acquiring the company for $60 per...
Posted on July 31, 2008 8:56 AM
On the Icahn-Microsoft Corp. alliance, or "marriage of convenience": Bostock and Yang say "Icahn has made it clear that his only objective is to sell part or all of Yahoo! to Microsoft. That fact, combined with his lack of an operating plan going forward, means that he will have no leverage to negotiate a fair deal...
Posted on July 17, 2008 3:06 PM
There's been a lot going on between Microsoft Corp., Yahoo! Inc. and Google Inc. So here's a Microhoogle recap. The two outcomes most talked about are search advertising deals, wherein Yahoo! would connect with either MSFT or Google. ComScore Inc. just reported nearly 62% of searches performed in the...
Posted on May 23, 2008 10:21 AM
Unbelievable. Andrew Ross Sorkin watched Carl Icahn slurp shark-fin soup six weeks ago, and he never even mentioned it until his DealBook column in today's New York Times? Still, the news in the piece isn't about the dinner but about the proxy pressure Icahn is now bringing to bear on...
Posted on May 20, 2008 11:06 AM
Yahoo! Inc. should have sold to Microsoft Corp. Motorola Inc. is right to be splitting up. Blockbuster Inc. should buy Circuit City Stores Inc. And Exxon Mobil Corp. should appoint a non-executive chairman, adjust its views about the importance of fossil fuels in the next 50 years and invest more...
Posted on May 16, 2008 11:37 AM
Yahoo! Inc. chairman Roy Bostock, "looking forward to a productive dialogue," wrote a letter directed at billionaire activist investor Carl Icahn, saying Icahn misunderstood how the $47.5 billion Microsoft Corp. bid was handled. On Thursday, Icahn unveiled his list of ten nominees for the Yahoo! board in order to...
Posted on May 16, 2008 8:55 AM
Yahoo! Inc. upset shareholders because of the way it handled Microsoft Corp.'s now retracted $47.5 billion offer. Now Yahoo! CEO Jerry Yang is stuck looking for other strategic options to appease the dissidents. An alliance with Google Inc. may not get antitrust approval as that would give Yahoogle!, which recently...
Posted on May 15, 2008 9:12 AM
Video retail chain Blockbuster Inc. has been cutting costs and raising prices in order to turn its business around, forecasting first-quarter net income of $30 million, according to Deal Journal. CEO Jim Keyes seems to think spending $1 billion on Circuit City Stores Inc. will help the cause. The mini-saga...
Posted on May 9, 2008 3:35 PM
Blockbuster's Icahn-endorsed bid for Circuit City smacks of the top-down approach to dealmaking that has failed so often in the past.
Posted on April 15, 2008 8:42 AM
Motorola Inc. chief executive Greg Brown's strategy to separate the company's handset and network equipment businesses into two distinct corporations may for a while at least appease shareholders -- like, say Carl Icahn -- who have been agitating for change. But breaking a company...
Posted on March 26, 2008 1:18 PM
Greg Brown, Motorola Inc.'s president and CEO, said the firm would create two independent, publicly traded companies as part of a strategic realignment (started on Jan. 31) of its mobile devices and broadband and mobility solutions businesses. Moto, which has yet to name a new CEO, said the separation will...
Posted on March 26, 2008 9:07 AM
"The real major problem in our economy is that companies are run very poorly, and you have no idea how badly they are run until you get inside there," hyperactivist investor Carl Icahn told institutional investors, brokers...
Posted on February 6, 2008 11:15 AM
Motorola Inc. said its CEO Greg Brown is stepping in to take direct control of the mobile-device business from Stu Reed, who had been running the unit only since last summer. Reed will remain with the company. Motorola previously announced it is considering a restructuring of the troubled business...
Posted on February 4, 2008 6:09 PM
If there's a "strategic suggestions" box at the headquarters of Motorola Inc., it's filling up fast, but not necessarily with well considered ideas.
Posted on January 29, 2008 4:50 PM
Hedge fund managers know the rules about disclosing their positions: If they beneficially hold more than 5% of an issuer's Securities and Exchange Commission-registered equity securities, they must file the appropriate form with the SEC. Doing so without tipping off the market to their strategies can be difficult, especially when...
Posted on October 15, 2005 3:56 PM
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