Major shareholders, including MHR Fund Management, Capital Research Global Investors
and Steinberg Asset Management, are supporting the studio's management in its opposition to Icahn's offer.
Portfolio manager Gordon Crawford blamed Yahoo Chief Executive Jerry Yang's "unrealistic" view of the company's value for the collapse of talks."Yahoo drove away a willing and fairly generous buyer, and all of us are the poorer for it today," said Crawford, of Los Angeles-based Capital Research Global Investors
. Its parent company, Capital Research & Management Co., owns more than 16 percent of Yahoo's shares, making it the largest holder, according to regulatory filings.But Yahoo's executive team said it remained confident in its strategy to turn around the Internet pioneer, which has struggled with slowing growth and stumbled in its heated competition with Google Inc.