American billionaire and financier, and also 46 richest man of the world, Carl Icahn, starts a process of proxy fight with Yahoo, to force this company to continue negotiations and accept Microsoft bid.

Icahn criticized Yahoo for the breakdown in talks, saying he had accumulated 59 million shares and options in Yahoo and had assembled a 10-member dissident board slate for election at Yahoo’s annual meeting on July. As billionaire say: “Acted irrationally and lost the faith of shareholders and Microsoft…”.

Billionaire left the door open for a settlement instead of a full-blown proxy battle in which both sides typically spend millions of dollars and unleash a barrage of attacks against each other. Icahn urged Yahoo to “move expeditiously to negotiate a merger with Microsoft, thereby making a proxy fight unnecessary…”.

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