Yahoo Ready to Name Board Members
Yahoo will appoint ex-Viacom CEO Biondi and former Nexel Partners CEO Chapple to the Yahoo board as part of its settlement with investor Carl Icahn to avoid a proxy battle. Icahn's problems with Yahoo stem from Yahoo's refusal to sell to Microsoft. Microsoft was looking at Yahoo as a way to build its online business.SAN FRANCISCO (Reuters) - Yahoo Inc. is in the process of approving the appointments of former Viacom Inc. CEO Frank Biondi and former Nextel Partners CEO John Chapple to its board and is expected to name the appointees by Friday, a person familiar with the matter said on Tuesday. The appointments are not yet final but likely, the source said.
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