Paulson Joins Icahn’s Team in Support of Yahoo/Microsoft Merger
|May 19th, 2008||
|John Paulson’s hedge fund has joined the push for the Yahoo/Microsoft merger. Along with Carl Icahn, Paulson’s hedge fund has bought up yahoo stock in order to influence the board toward the merger.|
In addition to nominating himself to Yahoo’s board, Mr. Icahn said in a letter Thursday that he plans to nominate Keith Meister, vice chairman of his firm, Icahn Enterprises, as well as Frank Biondi Jr., the former chief executive of Viacom and Universal Studios whom he unsuccessfully tried to install as Time Warner's chief executive two years ago. Mark Cuban who sold his online video start-up, Broadcast.com, to Yahoo for $5.7 billion in stock is another nominee. Lucian Bebchuk, a professor at Harvard Law School, John Chapple, a former telecom executive who is president of Hawkeye Investments; and Edward Meyer, the former chief of advertising giant Grey Global Group, now chief of Ocean Road Advisors are also part of the slate. Adam Dell, the managing general partner of venture capital firm Impact Venture Partners; Robert Shaye, the co-chair and co-chief executive of New Line Cinemas; and Brian Posner, a former star fund manager at Fidelity who had been, until March, the chief executive of ClearBridge Advisors are the final members that round out Mr. Icahn's proposal.
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