The proxy battle that has been in the wings since the start of this whole affair with Carl Icahn, has finally been resolved. Mr Icahn, is to take a seat on the board, plus another 2 members, which will be voted on from a list of 9 possible candidates. The board will expand to 11 members as one of the current members is resigning to concentrate on his other company.

So where does that leave Microsoft now? It appears they will have to go it alone, if they’re still serious about buying Yahoo. However, I think it’s probably the final straw for Steve Bulmer. I don’t see any deals being of great benefit to Microsoft now. Without Carl Icahn fighting for a proxy contest, to oust the current board, Microsoft have nothing to gain, unless they buy the whole company for $33 a share. But then, as we know with this ongoing soap opera, anything can change in an instant.