Microsoft on Monday said it would be willing to reopen talks to buy all or part of Yahoo! — but only if a new Yahoo! board is elected.
Billionaire investor Carl Icahn is considering mounting a proxy campaign to replace Yahoo! board members after the company failed to reach a deal to merge with Microsoft. The veteran investor has built up a stake in Yahoo! in the last week and would run a slate in an effort to force the company back to the negotiating table.