Carl Icahn has surfaced again in tech M&A mayhem: This time he’s buying up Yahoo stock in what may be an attempt to force that company’s recalcitrant execs back to the negotiating table with Microsoft. The Wall Street Journal and others (including, Yahoo news) reported this tidbit this afternoon.
As most are undoubtedly aware by now, Microsoft walked away from its near-$50-billion-bid for Yahoo. (Or did Yahoo forget what was bid? I forget.)
If reopening the Microhoo talks is the goal, Icahn could be reprising the role he played in the Oracle-BEA Systems buyout saga. If you need a refresher on that one: BEA strongly opposed Oracle’s unsolicited offer, then, months later, accepted.
Barbara Darrow can be reached at email@example.com.