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One of Yahoo’s largest shareholders is urging the beleaguered Internet company’s board to sell its search assets to Microsoft. Ivory Investment Management, a Los Angeles-based hedge fund, on Wednesday submitted a letter to Yahoo’s board proposing a deal whereby Yahoo would sell its search assets to Microsoft for about $15 billion, or $25 per share. That’s almost double the value of Yahoo’s stock, which was up 7.63 percent at $13.14 per share in mid-day trading.

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Yahoo Investor Pens Public Plea for Microsoft Search Deal

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This entry was posted on Wednesday, December 10th, 2008 at 10:05 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.