Newly appointed Yahoo board member and investor Carl Icahn issued more public statements pushing for a Yahoo-Microsoft deal Monday on CNBC.
"We believe as large shareholders that eventually we at Yahoo should, if available, make a deal with Microsoft to do search. We could save a fortune at Yahoo if Microsoft could do search for us," he said.
Microsoft has made it clear that they are no longer interested in a Yahoo deal, but Yahoo’s other proposed deal with Google isn’t looking good (the two sides recently issued an amended version to the Justice Department).
Collins Stewart Internet analyst Sandeep Aggarwal thinks the odds of the Google deal passing are around 40 percent or less now, according to his latest report, and he says if it fails, the likelihood of a revived deal with Microsoft (MSFT) moves “significantly higher.”
Aggarwal also raised his rating on Yahoo's stock today to Buy from Hold, setting an $18 price target.
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