Yahoo Wins Severance-Plan Approval That May Aid Buyout Offers-BloombergA Deleware judge approved settlement mandating changes to the company’s severance plan that will make it easier for potential suitors to buy it. The accord will resolve investor lawsuits over Yahoo's decision to turn down Microsoft's (MSFT) buyout offers. Kim Rubey, a Yahoo spokeswoman said in an E-Mail "We are very pleased that the settlement was approved because we believe it is in the best interests of the company and our shareholders". :theflyonthewall.com
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Bloomberg.com: Investment Tools - 0 views
flyonthewall.com: Yahoo Wins Severance-Plan Approval That May Aid Buyout Offers-Bloomberg - 0 views
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Separate discussions between Yahoo and Time Warner Inc. also continue, according to people familiar with the situation.
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The two sides are discussing combining AOL and Yahoo.
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Among the possibilities: News Corp. and Microsoft had been talking informally about possible deals, according to people familiar with the discussions. Under one scenario considered Microsoft would spin off portions of its online group and combine them with MySpace and Yahoo, say these people.
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infongen 2/3/09