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Icahn: No MSFT-YHOO Search DealFor Now

This story was written by David Kaplan.
Activist investor and Yahoo (NSDQ: YHOO) director Carl Icahn is throwing more cold water on speculation that the company is about to sell its search business to Microsoft (NSDQ: MSFT). While he would like to see Microsoft take the search off Yahoo's hands, MarketWatch quotes Icahn as saying there's nothing imminent now and he knows of no discussions between the two companies. Shares of Yahoo were down over 1 percent to $11.35 in after hours trading. Last week, Icahn added nearly 7 million shares to his holdings in Yahoofor a to 75.6 million shares for the relatively low price of $67 million. He muscled his way onto Yahoo's board back in July, after acquiring a 5 percent stake in the company.

By David Kaplan