Stories about: Time Warner

As billionaire investor Carl Icahn gears up for a proxy fight with Yahoo at its July 3 shareholders' meeting, the question is, can he win? And if he does win, will he be able to persuade Yahoo's jilted suitor, Microsoft, to reconsider its acquisition bid?

For the past year, WiMAX has been a technology under siege.

News Corp. has no plans to jump in and rescue Yahoo now that Microsoft has walked away from its US$47.5 billion takeover bid of the Internet company, News Corp.'s COO said during a mid-week earnings conference call.

As its stock price plummets, Yahoo's executives must do something tangible and do it quickly to prove to shareholders that fighting a takeover bid by Microsoft was the right thing to do, analysts said this week.

Microsoft's three-month courtship of Yahoo has ended but it changed both companies forever and neither can expect to return to the way they were.

Assuming that Saturday's public walkaway by Microsoft doesn't prove just to be a high-risk negotiation tactic against Yahoo -- after all, the companies are rumored to have been talking about some sort of merger or acquisition for almost three years -- then what we have is a software vendor suddenly awash in tens of billions of unspent dollars that it can now lavish on other Internet firms.

Now that Microsoft has dropped its bid to take over Yahoo, industry analysts assessed what happened and what to expect from the two companies.

Microsoft's board met Wednesday to decide how to proceed with the company's bid to acquire Yahoo, although no final decision was reached, The Wall Street Journal reported.

A vulnerability in servers used by EarthLink to handle mistyped Web page requests may have allowed attackers to launch undetectable phishing attacks against any Internet site, according to a noted Internet security researcher.

While Microsoft has been in discussions with News Corp. about putting in a joint bid for Yahoo, people close to Microsoft told that the software company still plans to go after Yahoo on its own, the Wall Street Journal reported.

Yahoo is weighing its options to accept a buyout by Microsoft or consider tie-ups with other companies, in particular a reported plan to join forces with AOL, as a way to stave off the software giant's advances.