Report: New Yahoo board to meet next week

New directors--Carl Icahn included--will meet Monday and Tuesday with likely topics being opposition to Google and Yahoo's proposed ad deal, The Wall Street Journal says.

The new Yahoo board--which now includes Carl Icahn and two new directors he backed--plans to meet next week, The Wall Street Journal reported on Friday.

The board will meet at dinnertime on Monday and then again on Tuesday, but it was unclear whether Icahn would attend in person or not given that he often attends board meetings by phone, the report said, citing unidentified sources.

A Yahoo spokeswoman said the company does not comment on board meetings or agendas.

Carl Icahn

Icahn did not immediately return a phone call seeking comment.

Icahn, Frank Biondi, and John Chapple joined the board this summer as part of an agreement in which Icahn agreed to drop his campaign against the directors for rejecting acquisition offers from Microsoft.

It's likely the board will discuss antitrust challenges and scrutiny of the company's proposed search ad deal with Google , as well as ongoing talks with Time Warner on a possible combination, according to the newspaper.

Google has been stepping up its moves to try to keep the deal on track despite opposition from a newspaper group in the U.S. and regulators and a newspaper trade group in Europe .

The Google-Yahoo partnership was struck in June as a way to fend off acquisition attempts by Microsoft.

 

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