Carl Icahn, the billionaire investor that has long been associated with Yahoo, has decided to step down from his position at Yahoo’s board, stating that the Internet search giant no longer has any need for an activist investor. Icahn’s legacy with Yahoo involves his ardent efforts to get Jerry Yang removed as the CEO of the company.
According to Icahn, Yang acted in such a way that was against the best interests of shareholders, opting to replace Yang with Carol Bartz. Following the replacement, Icahn and the rest of the board guided Yahoo toward a search and advertising deal with Microsoft.
Icahn …read more

Following the near quadrupling in value of Alibaba.com Ltd., the operator of China’s largest trading website, Yahoo! Inc. has decided to sell its shares in the company for an estimated $151 million. However, Yahoo remains the biggest stakeholder in Alibaba Group Holding Ltd., the parent of the Hong Kong-based website.
 
Yahoo has a relatively long history with Alibaba, investing $1 billion and swapping around its Chinese operations for a 40 percent stake in Alibaba Group. In 2007, Yahoo was one of eight investors to provide $1.7 billion as part of Alibaba’s initial public offering, the largest first-time share sale by an …read more