Radical investor Yi Kan buys many Yahoo share permissibly
May 31, 2008
Time of Beijing of dispatch of sina science and technology on May 30 message, according to foreign media coverage, commission of American federal trade 5 announce, had approved American billionaire, radical investor to block Er ยท Yi Kan (Carl Icahn) buys many Yahoo share.
Commission of American federal trade has authority to be bought to a large amount of stocks trade undertake checkup, whether be suspected of forestall in order to decide, or existence violates compasses act. This year May the middle ten days of a month, yi Kan was started aim to facilitate the dealership that Microsoft buys Yahoo contends for battle. He nominated candidate of 10 Yahoo trustee, the hope replaces existing Yahoo directorate with them, with driving Yahoo to accept Microsoft every 33 dollars, total prices is worth 47.5 billion dollar buy quoted price.
Yi Kan is writing chairman of Yahoo board of directors at that time collect Yi Bosituoke (the exposure in the letter of Roy Bostock) , he had bought share of 59 million Yahoo, seeking cleared come from a country the antitrust obstacle of commission of American federal trade, in order to buy the Yahoo share that maximum price is worth 2.5 billion dollar. He writes in the letter: “Clearly, the action that Yahoo board of directors refuses Microsoft to buy is very unreasonable, and lost the faith of partner and Microsoft. And lost the faith of partner and Microsoft..
This year on January 31, microsoft is referred to Yahoo board of directors buy quoted price, the hope adds a stock to buy Yahoo with the cash of every 31 dollars total share. Yahoo rejected this one request subsequently, think Microsoft underestimated the value of this company badly. The course is as long as the contact of a few months, although Microsoft rose to buy quoted price, but still fail to be the same as Yahoo to be reached on the price consistent. Final, microsoft can abandon buying only. (Meng Fan)
Tags: buys, investor, Kan, radical, Share, Yahoo, Yi


