Icahn purchased 50 million Yahoo Shares, Microsoft Story not over yet
Topic: Technology News
Posted on Wed, 14 May 2008 02:50:16 CDT | by Luigi Lugmayr
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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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Back to I4U News FrontpagePosted on Wed, 14 May 2008 02:50:16 CDT | by Luigi Lugmayr
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