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Company nears appointing the two men as directors in accordance with its Icahn agreement, as it nears its Friday board expansion deadline, according to sources.
The Internet company, which is due to add two Carl Icahn-approved nominees to its board of directors on Friday, reportedly is close to that decision.
Frank Biondi and John Chapple join Yahoo's expanded board of directors, as part of an earlier agreement reached with Carl Icahn.
John Chapple will not run for re-election in June, leaving the company less than two years after accompanying investor Carl Icahn.
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.
If Icahn was so adamant about ousting Jerry Yang from the CEO spot and doing a deal with Microsoft, what softened his stance?
Yahoo holds its first board meeting with former proxy fight adversaries Carl Icahn and two of his members--without any fireworks or DOJ fight-or-flight decisions.
The company will split into two publicly traded businesses, one handling handsets and accessories, the other taking on wireless broadband networks and enterprise-level communications services.
Following the nixed weekend bid in tandem with Microsoft, the billionaire investor launches a formal quest to replace Yahoo's board.