Carl Icahn & Friends Whiff On Yahoo (YHOO)
Yahoo (Nasdaq: YHOO) is down over 10% after the WSJ reported Microsoft (Nasdaq: MSFT) and Yahoo talks are over. Also, Yahoo confirmed that Microsoft talks have concluded. Carl Icahn built a large position in Yahoo in the wake that Microsoft may buy the company. Today, is probably not the best day at Icahn & Co.
Additionally, T. Boone Pickens BP Capital, Dan Loeb's Third Point and Jon Paulson's Paulson & Co also recently established positions in Yahoo in the wake of Icahn's move. On CNBC, T. Boone Pickens said "in Carl I trust." Pickens bought on the open market after he heard Icahn took a large position in Yahoo.
Yahoo incorporated in 1995, is a global Internet brand.
Microsoft Corporation develops, manufactures, licenses and supports a range of software products for computing devices.
Create E-mail AlertRelated Categories
Corporate NewsInsiders' Blog
Stocks Mentioned
-0.27
+0.14Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
