
Last week, billionaire investor Carl Icahn tried unsuccessfully to oust Yahoo's board following the failed merger with Microsoft. Icahn's move followed heavy criticism of Yahoo's decision to reject the software giant's lucrative offer, with chief executive Jerry Yang the target of shareholders' ire.
Now Yahoo have confirmed that they will consider any new offers made by Microsoft "with a focus on maximising stockholder value". A deal with Microsoft could save the current Yahoo board's bacon with Mr Icahn accumulating shares in an attempt to oust them.