Update: T. Boone Pickens Picks Up 10 Million Yahoo Shares; Dan Loeb May Add To Stake


Legendary investor T. Boone Pickens has picked up 10 million shares of Yahoo (NSDQ: YHOO), on the basis that betting on Carl Icahn is a good one. Pickens made the announcement in an interview with CNBC’s Becky Quick (via MarketWatch). Also on his side: abritrage specialist John Paulson, whose holdings were disclosed last week. And for all we know, there could be others all smelling the same blood.

For some context and background, Andrew Ross Sorkin profiles Icahn in today’s NYT discussing his strategy and what makes him tick: “He

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