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Icahn waves white flag on blocking Dell deal

Carl Icahn Laboratory

Billionaire activist investor Carl Icahn waved a white flag of surrender in his effort to derail Dell's $25 billion bid to go private, saying a path to victory was "impossible" given the obstacles.

Microsoft: the contenders to replace Steve Ballmer

Departure

Running Microsoft is not for the fainthearted: its software is essential to millions of companies around the world, and more than 1 billion people use PCs with its Windows software. The new chief executive will have to fit into a unique corporation.

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