Yahoo And MS - Knockout Round Begins
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Take a look at this man. If he has his way, he will end up shaping the destiny of two companies with combined worth in excess of several hundred billions of dollars. Billionaire corporate raider Carl Icahn is all set to lock horns with Yahoo executive board and wants to get rid of them. This man is obviously unhappy with the way things have turned out for Yahoo - Microsoft merger and is ready to plyay hardball now.
In plain speak, Carl thinks the internet company totally botched it.
And just how does he plan to bring the change. In an open letter, the billionaire investor has claimed that he has acquired 59 million shares of Yahoo, sounds like a big number but its only 4% of Yahoo’s market capitalization - and has teamed up with other investors to stand for election against the current board.
The Great Gall Of China
The world’s greatest sporting event has put China in a spot light. But many would rather see the country put in a spot. As the D Day approaches closer, so does the propensity of the vexing questions hitting home.
I have never been a big fan of things Chinese. Sure they are making more money and the infrastructure is all snazzy. But that shouldn’t be an excuse to deny a huge number of people their right to justice.
However the thing I am interested in bring up here is not politics but IOC’s latest announcement regarding the way China controls its internet. The Olympics governing body wants the hosts to loosen up its information highway restrictions and take it a bit easy.