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Yahoo, Icahn Kiss, Make Up, Ponder Sale

The latest twist in the Microhoo saga finds Yahoo and investor Carl Icahn kissing and making up--for now. The Web giant has agreed to allow Icahn and two of his other choices seats on the board of directors.

And while CEO Jerry Yang stresses "working together" with the "new colleagues on the Board" to help Yahoo take advantage of the "large and growing opportunity" on the horizon, it seems that Icahn still has his sights set on some kind of sale.

In his own words: "While I continue to believe that the sale of the whole Company or the sale of its Search business in the right transaction must be given full consideration, I share the view that Yahoo!'s valuable collection of assets positions it well to continue expanding its online leadership and enhancing returns to stockholders." Time will tell if Icahn and Yang (et al) can reach a happy, profitable medium for shareholders.

Read the whole story at Marketing Pilgrim »

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