Yahoo Stake Could Be Big Bucks For Icahn


	Yahoo Stake Could Be Big Bucks For Icahn

Andrew Farrell

5-14-2008 10:20 AM

721 views

Andrew Farrell says:

Carl Icahn might be able to quickly turn his new stake in Yahoo into a big windfall. Reports suggest the billionaire is considering pushing the Web portal to reconsider a buyout offer from Microsoft.

If he's successful, his 50 million Yahoo shares could be worth as much as $33 each. He's been buying those shares in the past couple weeks when they were south of $27 each.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/418b7e56-b6e1-46d8-8f69-abf39db22986/45B9EA17-E161-41C5-A2BF-D249A2DC9A60/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.reuters.com/mediafile/2008/05/14/icahn-comes-calling/" href="http://blogs.reuters.com/mediafile/2008/05/14/icahn-comes-calling/" style="font-size: 11px;">blogs.reuters.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.reuters.com/mediafile/2008/05/14/icahn-comes-calling/"><DIV><A title="icahn.jpg" href="http://blogs.reuters.com/mediafile/files/2008/05/icahn.jpg"><IMG width="239" height="300" align="right" class="imageframe" alt="icahn.jpg" src="http://blogs.reuters.com/mediafile/files/2008/05/icahn.jpg" /></A>Somebody’s knocking on Yahoo’s door this week and it isn’t Steve Ballmer, yet. We wondered whether someone was building a position that helped keep Yahoo shares aloft since Microsoft pulled back from deal talks about a week and a half ago. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.reuters.com/mediafile/2008/05/14/icahn-comes-calling/"><DIV>
It turns out that activist shareholder par excellence Carl Icahn has accumulated about 50 million shares in that time and will likely decide today whether to launch a proxy contest, before Yahoo’s deadline for board nominations expires on Thursday.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.reuters.com/mediafile/2008/05/14/icahn-comes-calling/"><DIV>
What may sway his decision is a sign from Microsoft that it is willing to come back to the table after Yahoo rebuffed a sweetened $47.5 billion offer. </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/45B9EA17-E161-41C5-A2BF-D249A2DC9A60/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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