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Yahoo’s Largest Shareholder Doubles Stake Since Last Year

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In the midst of all the back and forth, Yahoo’s (NSDQ: YHOO) largest shareholder Capital World Investors has doubled its holdings in the company, according to an SEC filing today. As of March 31st this year, it had 10.1 percent stake, and owns 135,542,600 shares. That up 95 percent from its Yahoo holdings on Dec. 31, as points out. Meanwhile, the second largest shareholder Legg Mason indicated its position earlier this week: it is prepared to support an independent Yahoo, should Microsoft (NSDQ: MSFT) lower its offer.

One Response to “Yahoo’s Largest Shareholder Doubles Stake Since Last Year”

  1. Sebastian

    That's pretty interesting. I can think of two reasons why somebody would currently double the Yahoo stake:

    1. They expect the bid to increase.

    2. They want to support the Yahoo board.

    More and more people suggest that Microsoft isn't increasing their bid but could even reduce it. So count that as a potentially interesting development.