Fresh from its battle fending off Microsoft, Yahoo! may soon face another takeover attack–this time from billionaire investor Carl Icahn.
Several media sources are reporting that Icahn is scooping up Yahoo! stock in apparent preparation for an attempt to replace the internet company’s board of directors with his own candidates. Icahn is said to have acquired as many as 50m Yahoo! shares, reports The Wall Street Journal.
That number would give Icahn a 3.6% stake in the company.Icahn, who has a long track record of rejuvenating struggling companies, hasn’t yet publicly commented. Yahoo! is also keeping quiet on the reports. The deadline for nominating an alternate slate of directors to Yahoo!’s board is Thursday.