Yahoo strikes deal with investor Carl Icahn
Yahoo, a company that was once the darling of Silicon Valley, today reached a settlement to avoid a battle over control of its board of directors.
Yahoo reached an agreement with activist investor Carl Icahn, which will put Icahn and two of his nominees on an expanded board of directors.
Icahn had wanted to replace Yahoo's board with his own hand-picked slate to negotiate a sale of all or part of Yahoo.
MPR's Cathy Wurzer talked with "Future Tense" host Jon Gordon about the deal and what is next for Yahoo.
- Morning Edition, 07/21/2008, 8:20 a.m.