Is Icahn Planning Another Go At Yahoo?

Last Updated Nov 28, 2008 12:08 PM EST

The Yahoo soap opera never seems to end.

Now that co-founder Jerry Yang say he'll be leaving after the board finds his replacement, Carl Icahn, a major thorn in Yahoo's saddle, is buying up shares again.

The billionaire takeover artist has taken a 7 percent position in the troubled firm. He bought 6.8 million shares for an average of $9.92 a share all of Thanksgiving Week.
Icahn had made a play earlier after Yahoo's board ditched a merger plan by Microsoft Inc., which now says it isn't interested in all of Yahoo any more, maybe just its search engine.

Could it be that Icahn is planning another go at the board? Probably, and it's a steal since last summer the stock was trading in the mid-$20s.