Yahoo finally chose Biondi and Chapple as the new Board Directors

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Yahoo said last week that the board will add Viacom former chief executive Frank Biondi and Nextel Partners former CEO John Chapple. Yahoo selected them from the nine candidates put forward by Icahn, this is also a part of the agreement that reached by Yahoo and Icahn.

Wall Street was known as the "corporate predators" is a magic weapon for the Kaeryikan hostile takeover target company, then promote the reform of company management or strategy, let's shares rose quickly in a short period of time, and then selling the cash. Icahn has been the past few months to work to promote the success of Microsoft's acquisition of Yahoo. Icahn first through the financing of the acquisition of five percent of Yahoo shares, since May this year, Yahoo's board of directors rejected Microsoft's offer of 47.5 billion U.S. dollars since the Icahn immediately initiated to promote the reorganization of Yahoo's board of directors.

Icahn originally planned for August 1 through Yahoo shareholders general meeting of shareholders to vote on the Yahoo board of directors to reorganize, but in late July Icahn and Yahoo reached a ceasefire agreement.

The cease-fire agreement in the agreement, Icahn will be a Yahoo board seats, and Icahn could also recommend two candidates to become new members of Yahoo's board of directors. To give the new members of the Board of Parks, electronic game developers and publishers Activision Blizzard CEO Robert Ke Dike (Robert Kotick) in the five years as a director after Yahoo withdrew from the Yahoo board.

Yahoo's three new directors have no direct experience of Internet companies, but Frank Biondi and John Cape investigations have outstanding knowledge and experience.

Yahoo chairman Luo Yibo Stockton (Roy Bostock), said in a statement: "Yahoo's existing board members a diversified, Frank in the media and entertainment industry broad experience and wealth of John the telecommunications industry management Experience, Yahoo will bring more valuable views. "

The 63-year-old Frank Biondi in 1987 to 1996 and as chief executive officer of Viacom, this entertainment company, which owns MTV and Paramount Pictures, and many other famous brands. Then he also control Universal Pictures. At present he served as special investment in the media and entertainment companies for the wind WaterView Advisors senior managing director.

Frank Biondi and Icahn have jointly launched a proxy battle, Icahn in early 2006 also nominated for the Time Warner chief executive officer of the appointment of Frank.

The 55-year-old John investigations in Cape 2006 to 1998 served as chief executive officer of Nextel Partners. Sprint communications company in 2006 acquired the company. He currently serves as the telecommunications industry private equity fund company, president of Hawkeye Investments.

It was not immediately clear these two new directors can bring much to help Yahoo.

Global equity research analyst at the Center-Cape Qiu Deli (Trip Chowdry) said in an interview that: "Yahoo will not be because the fate of the three new directors and a radical change, this is a competitive start. Yahoo 3 The new Directors may make Yahoo more confusion. Yahoo has been engaged despite the recent strategic planning and restructuring, and has also appointed three new board members, but is expected to perform well, Microsoft and Google will only allow greater room for development . "

Frank Biondi in the ad have a very rich experience. Senior media and entertainment analyst and president of Vogel Capital Management Harold Vogel said: "Frank Biondi is quite clear, advertising system and the media entertainment industry, Yahoo could bring more advertising revenue, Yahoo may also promote the development of overseas advertising market . "

February 2007, Yahoo has significantly improved search and advertising technology, but still not in the emerging online advertising market and Google such as the giant of the competition.

Last summer, Yahoo co-founder Jerry Yang again Chushan, replacing Terry Semel • (Terry Semel) to serve as chief executive of Yahoo, Jerry Yang also failed to turn the tide. Microsoft announced the intention to buy Yahoo a few days ago, Yahoo's stock price fell below 20 U.S. dollars, which since 2003 is the lowest point since. The stock is the sharp decline in profits by reducing the impact of information and layoffs.

When Microsoft said the acquisition intention, Yahoo's stock price rose rapidly, once as high as 33 U.S. dollars per share. However, when after the failure of the acquisition, Yahoo shares fell fast around 20 U.S. dollars.

Icahn has said that Yahoo needs a more enriching experience than Jerry Yang, CEO. Icahn is before spending 25 U.S. dollars a share buy Yahoo stock, so he will work to promote Yahoo's stock price. However, due to the end of July and Yahoo reached the cease-fire agreement, he will give Jerry Yang more time to prove himself.

Icahn nominated by the nine candidates are: Harvard law professor Lucian Buqiu Ke (Lucian Bebchuk), the former Viacom CEO Frank Biondi, Nextel Partners CEO John Chapple, billionaire Mark Cuban, venture capitalists Adam Dell, Carl Icahn, Icahn Enterprises Board Vice Chairman Keith Meister, the former CEO of Grey Advertising Edward Meyer, and capital operators Brian Posner.

Yahoo Icahn as just one of the goals. Icahn is famous in the 1985 hostile takeover and the sale of World Airways, the final profit of about 150 million U.S. dollars. In recent years Icahn also shares the film lease to Blockbuster (Blockbuster), Motorola and generic drug company Mylan Laboratories. He also promoted the Oracle to 8.5 billion U.S. dollars acquisition of BEA, Oracle's initial offer was 6.7 billion U.S. dollars.

Last Thursday, Yahoo's shares closed at 20.28 U.S. dollars, down 8 cents, or 0.4 percent. In the subsequent trading, also rebounded by 8 cents to 20.36 U.S. dollars.