Forbes – George Soros, founder of the second-best-performing hedge fund of all time, the Quantum Fund, bought 6 million shares of Openwave (OPWV) on April 10 at approximately $2.41 per share, as reported by GuruFocus Real Time Picks. Soros had previously built up a position of 176,100 shares in the first quarter of 2010 around the price of $2.50, and gradually sold out as the price never substantially increased.
On April 16, Openwave announced that it would sell one of its three core units – the mediation and messaging products business – to a private equity firm. The company had announced that it was positioning itself for such a sale in its second-quarter fiscal 2012 results issued February 1.
