A billionaire investor and activist is now fighting to remove Yahoo’s board of directors and reignite its talks with Microsoft.
Carl Icahn officially submitted notice of his request to the company today. He says he owns 59 million shares of Yahoo and believes the company’s board “acted irrationally and lost the faith of shareholders” during its failed talks with Microsoft.
The entire text of Icahn’s letter follows.
Read this doc on Scribd: Icahn’s Letter to Yahoo