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For a Dollar More: Yahoo’s Institutional Investors Were This Close

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 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: “