Updated: Arbitrageur John Paulson Discloses 50 Million Share Stake In Yahoo

1 Comment

“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 Comment

Jeff Nolan

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.

Comments are closed.