Posted on 04/07/08
Don't underestimate the Icahn Factor
Judging by the news flow on Yahoo, the fate of the world's top Internet destination has turned into a dizzying, confusing dance among every other Web giant that doesn't want to end up one day in exactly the position Yahoo now finds itself - with investors and customers questioning whether it has the mojo to persist as an independent, thriving company. Thus you have the on-off-maybe-sort-of-on deals with Microsoft - which dropped its $42-billion (U.S.) takeover bid in May - and persistent reports News Corp. (via MySpace), and AOL are all in various forms of do-si-do around Yahoo.
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