From CNN/Money.com "Carl Icahn isn’t the only big-name investor taking a big stake in Yahoo (YHOO). Paulson & Co., the hedge fund run that made a killing last year betting against subprime mortgage securities, bought 50 million Yahoo shares in the first quarter, which ended March 31, a Securities and Exchange Commission filing shows. John Paulson, the manager who made $3.7 billion last year on his timely subprime wager, made the big Yahoo purchase during a quarter in which Yahoo fielded an unsolicited bid from Microsoft (MSFT). Microsoft has since walked away from that deal, but Icahn is leading a proxy fight against Yahoo’s board, perhaps in hopes of turning up the heat for renewed deal talks. If he succeeds, Paulson stands to make a few more bucks."
1 comment:
Gabe: great job in keeping us up to date. By the way, do you have a day job :-) Re: Big Bad Carl, see this link about how a deal might get done:
http://www.washingtonpost.com/wp-dyn/content/article/2008/05/17/AR2008051701832.html
Post a Comment