BREAKING: Icahn Moving Forward With Yahoo Proxy Fight; To Nominate Full Board Slate: Report

This story was written by Joseph Weisenthal.
Carl Icahn has decided to fight a proxy battle with Yahoo (NSDQ: YHOO) and file a full board slate, Reuters is reporting, citing sources. The names of the 12 members could be announced as soon as tonight according to the report. Still not known: who's with him and how Microsoft will respond to this. There's a lot of balls in the air right now, but Icahn didn't just spend $1 billion on Yahoo cause he's a buy-and-hold kinda guy Either way, the Yahoo story is back. Shares are moving up around $.60 after hours to about $27.70. More to come

By Joseph Weisenthal