Icahn Cuts Stake In Yahoo; Still Believes in 'Wisdom' of Partnership With Microsoft

Entities associated with investor Carl Icahn have sold 12.7 million shares of Yahoo (NSDQ: YHOO) stock — or about 16 percent of their total holdings in the company — in what they are calling a move to “balance” their portfolios. In a filing with the SEC, Icahn’s affiliates say that the sale of stock should not be taken to mean that they have lost faith in the direction of Yahoo: “The sales in no way were intended to reflect the Reporting Persons