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On May 15th, 2008 – Carl Icahn stepped up to the plate and officially announced his bid to proxy Yahoo so he could work with Microsoft on getting a deal out. A couple days prior, Eric Jackson decided to pull his bid for proxy and the rumor started to fly that Carl Icahn was going to take over the fight.
Of course we saw how that went – Icahn got a seat on the Yahoo board, and Yahoo stayed with Yahoo.