Yahoo’s (NSDQ: YHOO) big institutional investors would have taken the Microsoft (NSDQ: MSFT) bait at $34 a share, a dollar more than what it was being offered. Among those include Capital World Investors, which recently doubled its holdings in Yahoo, bringing it to a 10.1 percent stake, and Capital Research Global Investors, which holds nearly a 6.4 percent stake, reports News.com. These two are Yahoo’s largest institutional investors, and combined the two also hold a lager stake in Microsoft.
Then, the pure-play Yahoo investor, Legg Mason, also would have sold to Microsoft if only the offer was $34 per share, reports NYT. Bill Miller, a portfolio manager for Legg Mason, told NYT: “