Major Shareholder, Ivory Investment, Putting Pressure on Yahoo! (YHOO) to Do a Search Deal -CNBC
According to CNBC, a major Yahoo! (Nasdaq: YHOO) shareholder, Ivory Investment Management has sent a letter to the Yahoo! board saying that the company could receive up to $15 billion if they do a search deal with Microsoft (Nasdaq: MSFT). CNBC speculates that the letter could be released to the public within the next 15 minutes.
Yahoo! Inc. provides Internet services to users, advertisers, publishers, and developers worldwide.
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