Icahn: Yahoo, Google Deal 'Might Have Some Merit'

<a href="http://www.thestreet.com/story/10421540/1/icahn-sees-merit-in-yahoo-google-deal.html">The Street</a>

Jim Manico, OWASP Global Board Member

June 17, 2008

1 Min Read
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Carl Icahn, who last month launched a proxy fight against Yahoo's board, conceded the online advertising deal between Yahoo and Google "might have some merit," though he's still disappointed that a merger with Microsoft didn't happen.On Friday, Yahoo announced a nonexclusive, four-year agreement with Google under which Google's ads will appear alongside Yahoo's search results and on some of its Web properties. "While the Google deal is not the same as an offer of $34.375 per share for Yahoo, I am continuing to study it," Icahn told Reuters on Sunday.

The Yahoo-Google agreement also lets Google pull out should Yahoo be acquired or if the majority of its board is replaced. Yahoo's annual shareholder meeting is set for Aug. 1, a month after it was originally scheduled. The latest plan to emerge, this one from Yahoo investor Eric Jackson: that shareholders vote for a board comprising five existing directors and four nominees from Icahn's slate.The Street

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About the Author

Jim Manico

OWASP Global Board Member

Jim Manico is a Global Board Member for the OWASP foundation where he helps drive the strategic vision for the organization. OWASP's mission is to make software security visible, so that individuals and organizations worldwide can make informed decisions about true software security risks. OWASP's AppSecUSA<https://2015.appsecusa.org/c/> conferences represent the nonprofit's largest outreach efforts to advance its mission of spreading security knowledge, for more information and to register, see here<https://2015.appsecusa.org/c/?page_id=534>. Jim is also the founder of Manicode Security where he trains software developers on secure coding and security engineering. He has a 18 year history building software as a developer and architect. Jim is a frequent speaker on secure software practices and is a member of the JavaOne rockstar speaker community. He is the author of Iron-Clad Java: Building Secure Web Applications<http://www.amazon.com/Iron-Clad-Java-Building-Secure-Applications/dp/0071835881> from McGraw-Hill and founder of Brakeman Pro. Investor/Advisor for Signal Sciences.

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