Icahn states that he will terminate the faux severance plan if he gains control and asks Bostock to "stop dancing around the subject and publicly offer to sell the company to Microsoft for $34.375 per share and promise to cooperate completely."

WSJ reports that Carl Icahn's Yahoo bid is rapidly gaining support from exisiting and new shareholders. The list of supporters now includes Texas billionaire T. Boone Pickens, Daniel Loeb's Third Point LLC, and, as mentioned in the previous update, John Paulson of Paulson & Co.