Yahoo to Icahn: You misunderstand

May 16, 2008

Yahoo’s board has responded to activist investor Carl Icahn: “Your letter reflects a significant misunderstanding of the facts about the Microsoft proposal.”
That letter–delivered by Icahn earlier Thursday (Techmeme)–has one theme: Yahoo’s board botched the Microsoft deal and hasn’t served shareholder interest.
In its rebuttal letter, Yahoo Chairman Roy Bostock said:
Unfortunately, your letter reflects a significant misunderstanding […]