Billionaire Carl Icahn is expected to tone down his attack on Yahoo! dramatically by slashing the number of directors he plans to nominate to join the troubled internet company's board. The activist investor, who owns $1.5bn of Yahoo! stock, launched a proxy fight to replace the internet company's 10-member board last month as it rejected a $46bn takeover bid from software giant Microsoft. ...

The price of shares in Internet group Yahoo plunged here on Monday after software giant Microsoft dropped a friendly bid for the company.

The offer deadline for Yahoo! by U.S. software giant Microsoft Corp. passed without comment, signaling a possible hostile takeover attempt, executives say.

The offer deadline for Yahoo! by U.S. software giant Microsoft Corp. passed without comment, signaling a possible hostile takeover attempt, executives say.

Steve Ballmer, head of US software giant Microsoft, said Tuesday latest quarterly performance results from the Internet company Yahoo would not influence the price his company was prepared to pay for a takeover.

Steve Ballmer, head of US software giant Microsoft, said Tuesday latest quarterly performance results from the Internet company Yahoo would not influence the price his company was prepared to pay for a takeover.

US Internet firm Yahoo on Monday rejected a three-week deadline to accept a 44.6-billion-dollar takeover bid from software giant Microsoft, but left the door open to a higher bid.

US Internet firm Yahoo on Monday rejected a three-week deadline to accept a 44.6-billion-dollar takeover bid from software giant Microsoft, but left the door open to a higher bid.

US Internet company Yahoo on Monday rejected software giant Microsoft's three-week ultimatum to accept a takeover offer, but left the door open to a higher bid.