Marcia - 2:53 am on May 14, 2008 (gmt 0)

From CNN Money:

Word that billionaire investor Carl Icahn was leaning toward launching a proxy fight to unseat at least some of Yahoo Inc.'s ( YHOO) directors could soon prompt Microsoft Corp. (MSFT) to answer a critical question: Has the software giant really "moved on" from its attempt to buy Yahoo? That question was magnified Tuesday after a source familiar with the situation said the activist investor had acquired some 50 million Yahoo shares and was expected to decide Wednesday whether to launch a proxy contest - even though he didn't have assurances from Microsoft that it would reconsider buying the struggling Internet giant.

Icahn Could Prompt Microsoft To Reconsider Yahoo Bid [money.cnn.com]

This coming Thursday is Yahoo's deadline for board nominations, only two days away.

[edited by: Marcia at 2:55 am (utc) on May 14, 2008]