1 Comment

Summary:

“Blue Horseshoe Loves Yahoo.” As Carl Icahn officially launches a proxy throwdown at Yahoo (NSDQ: YHOO), Reuters reports that the Paulson Fu…

“Blue Horseshoe Loves Yahoo.” As Carl Icahn officially launches a proxy throwdown at Yahoo (NSDQ: YHOO), Reuters reports that the Paulson Fund, a top hedge fund run by investor John Paulson, has amassed a 50 million share stake, which represents around 3.6 percent of the total. Paulson was one of the most highly compensated hedge fund managers last year, having made a significant bet against the subprime mortgage market. He’s also known for betting on merger arbitrage situations — so Carl Icahn’s attempt to play matchmaker between Yahoo and Microsoft (NSDQ: MSFT) would be right up his alley.

Updated: The filing disclosing the 50 million share stake in Yahoo is here. In a statement, Paulson expressed “dissapointment” that the company failed to close a deal with Microsoft and that he hoped the coming month-long proxy fight would not be necessary. But yes, if it comes to it, those shares will be voted towards the Icahn slate. (via MarketWatch)

  1. The key to the game is your capital reserves – you don't have enough you can't piss in the tall weeds with the big dogs.

    Share

Comments have been disabled for this post