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Icahn purchased 50 million Yahoo Shares, Microsoft Story not over yet
May 14 2008, 2:50am CDT | by Luigi Lugmayr
Investor Carl Icahn has apparently bought about 50 million Yahoo shares since Micrsoft withdrew their bid for Yahoo.
The WSJ expects Mr. Icahn to decide today whether to launch a proxy contest to unseat at least part of Yahoo's board.Possibly Mr. Icahn wants the Microsoft deal back on the table. There is at least something going to happen, when someone like Carl Icahn invests around a billion dollars.
Yahoo shares were up more than 5% at the end of the trading day yesterday.
More details on the WSJ.
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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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