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Icahn Says Yahoo Undervalued And Opposes Partial Sale

     

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2:57 pm on Dec 4, 2008 (gmt 0)

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Icahn Says Yahoo Undervalued And Opposes [uk.reuters.com]Partial Sale
Billionaire Carl Icahn opposes selling part of Yahoo to former AOL Chief Executive Jonathan Miller or anyone else because it is undervalued, he told CNBC on Wednesday.

"I don't think there is very much to having a partial bid for the company, at least as a large shareholder," Icahn said.

Miller, according to a report by the Wall Street Journal, is trying to raise money to buy all or part of the company. That has not been confirmed and the New York Post says he is actually trying to raise money for other purposes.

 

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