Yahoo Inc will appoint activist investor Carl Icahn and two members of his slate of directors to the company's board, settling a proxy battle ahead of its August 1 annual shareholders meeting.

Carl C. Icahn backed down over the weekend and worked out an agreement with Yahoo to join Yahoo’s board, along with two more people on his slate, which had been set to go to shareholders for a vote on Friday.

SAN FRANCISCO – One of Yahoo Inc.’s largest shareholders is supporting the re-election of the Internet company’s incumbent board, delivering a significant blow to an attempted coup being led by activist investor Carl Icahn.

SAN FRANCISCO, July 18 -- One of Yahoo's largest shareholders is supporting the reelection of the Internet company's incumbent board, a significant blow to a coup attempt being led by activist investor Carl Icahn.

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.

Yahoo has placed a button on its home page that links to a page that lobbies shareholders to vote against Carl Icahn's...

Yahoo got a show of support on Friday from one of its biggest shareholders for its efforts to defend itself against a proxy fight by the activist investor Carl C. Icahn.

Chalk up a major win for Yahoo in its battle with Carl Icahn, the activist shareholder. Bill Miller, whose Legg Mason mutual funds are one of Yahoo’s largest shareholders, said Friday that he would vote those shares in favor of electing Yahoo’s current board of directors — and not for the rival slate nominated by Mr. Icahn, who wants to sell Yahoo (or part of it) to Microsoft . With about 4.4 ...

SAN FRANCISCO -- One of Yahoo Inc.'s largest shareholders is supporting the re-election of the Internet company's incumbent board, delivering a significant blow to an attempted coup being led by activist investor Carl Icahn.

Yahoo Inc on Thursday warned its shareholders that billionaire Carl Icahn's agenda presents a "significant risk" to their investment, and reiterated that it would only sell itself to Microsoft under the right terms.