Week in review: Yahoo merges with...Icahn

Icahn, who had proposed his own slate of board members, was agitating for the company to reach a deal to sell all or part of the company to Microsoft. Icahn and Microsoft officials had previously stated that they could not work with the existing Yahoo board. As part of the settlement, Icahn, who owns about 68.7 million shares, or 4.98 percent of Yahoo common stock, has agreed to withdraw his nominees for consideration at the annual meeting and to vote his Yahoo shares in support of the board's nominees. After months of exchanging barbs with Icahn, Yahoo CEO Jerry Yang has told employees in a memo that he's looking forward to the "fresh perspective" Icahn will bring as a board member. Monday's note contrasts with an e-mail Yang penned last week that warned employees to brace for an especially contentious period leading up to... [read full story]