Icahn approved to buy more Yahoo stock, but will he?
Posted
May 30 2008, 01:40 PM
by
Kim Peterson
Rating:
Federal regulators are allowing activist investor Carl Icahn to buy more Yahoo shares, but how much more will he expose himself, given the cold-then-hot-then-cold-again acquisition talks with Microsoft? Icahn wants to replace Yahoo's board with directors more friendly to a Microsoft buyout, and additional shares would certainly make him a bigger player in this drama.
But if a buyout is truly off the table, will Icahn buy more stock? He already owns somewhere around $1.6 billion in Yahoo shares and has said he may buy another $900 million worth. We'll see. Yahoo shares, meanwhile, are down slightly more than 1% today to $26.75.
Disclosures: I don't own shares of any companies mentioned in this
post. And while Microsoft owns this
blog, Microsoft does not control, censor or otherwise have any
editorial influence over what I write.
