Yahoo Inc's second largest institutional shareholder Legg Mason Capital Management said on Friday it will back Yahoo's board, dealing a blow to a billionaire investor Carl Icahn's efforts to get a rival board slate elected.

Fund manager Bill Miller, one of Yahoo Inc's top shareholders, dealt a blow on Friday to billionaire investor Carl Icahn's two-month campaign to replace the Internet firm's directors, throwing his support behind Yahoo's current board.

July 13 (Bloomberg) -- Yahoo! Inc. rejected a proposal from Microsoft Corp. and billionaire investor Carl Icahn that would have broken up the Internet company, saying they were trying to ``coerce'' officials into selling assets.

Billionaire activist investor Carl Icahn was expected to file his definitive proxy statement against Yahoo! last night in a sign that he's prepared to move forward with ousting the Internet icon's board and its CEO Jerry Yang, The Post has learned...

Yahoo Inc. shares climbed for a second day in Nasdaq trading Thursday after a report that the Internet company may compromise to end a proxy challenge by billionaire investor Carl Icahn.

Yahoo Inc. shares climbed for a second day in Nasdaq trading Thursday after a report that the Internet company may compromise to end a proxy challenge by billionaire investor Carl Icahn.

Billionaire activist investor wants to show the door to Yahoo's CEO, while Bill Gates walks away from day-to-day work at Microsoft. Also: A Facebook face-off.

Carl C. Icahn isn’t backing down from his Yahoo fight. Even as the company embraces Google — a move that the billionaire investor at one point supported — Mr. Icahn on Thursday finally filed his bid to sweep out Yahoo’s board, despite skepticism that he will prevail.

Dissident Yahoo Inc investor Eric Jackson urged fellow shareholders on Monday to vote for a board comprising five existing directors and four nominees from billionaire investor Carl Icahn's slate.

Dissident Yahoo Inc investor Eric Jackson on Monday urged fellow shareholders to vote for a board comprising five existing directors and four nominees from billionaire investor Carl Icahn's slate.