Friday, November 28, 2008

Carl Icahn averages down with Yahoo! shares



Carl Icahn, the billionaire corporate raider and takeover artist, has picked up another 6.8 million shares of Yahoo (YHOO) stock this week for just under $10 a share (about a third of what he paid in May when he started building his position)

Icahn now holds 75.6 million shares (just under 5 percent of total outstanding shares)

He also controls three seats on Yahoo’s board. Jerry Yang, the Yahoo co-founder on his way to early retirement, issued no official comment on the Yahoo! share pick up by Carl Icahn.

Think Billion$ comment: What else is he going to do at this point???