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Icahn Fires Next Shot

Carl Icahn is launching his latest assault in his on-going war of words with Yahoo!– and the battle takes place right here at Fast Money.

If you’ve been watching CNBC today you know that during an appearance on Power Lunch, Yahoo President Susan Decker told CNBC that the Internet company is in "ongoing, engaged talks" with Microsoft.

However, Decker also told Power Lunch that Microsoftwalked away from the deal. "There was a discussion about what value was achievable," Decker said, "and other terms that were never really discussed...and we never got to those, because there was a disconnect between what the company is worth, from our board's perspective, and what Microsoft was willing to pay."

Yahoo! has come under criticism from some shareholders, including Icahn, for not taking more aggressive steps to negotiate a deal with Microsoft, which had offered Yahoo $47.5 billion.

According to Icahn, newly unsealed court documents tied to a shareholder lawsuit show how Yahoo had taken steps to rebuff a Microsoft's takeover bid months before the software maker made its offer public on Feb. 1.

What will Icahn say next? Find out at 5pm on TV or after the show on CNBC.com

Read More:

> Reasonable vs. Ridiculous: The Yahoo Story


> Yahoo's Decker in 'Ongoing' Talks With Microsoft

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