{"id":9247,"date":"2008-12-01T00:00:00","date_gmt":"2008-12-01T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"yahoo-stock-shoots-up-after-carl-icahn-raises-his-stake","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2008\/yahoo-stock-shoots-up-after-carl-icahn-raises-his-stake.html","title":{"rendered":"Yahoo Stock Shoots Up After Carl Icahn Raises His Stake"},"content":{"rendered":"<p>eBrandz &#8211; In a move expected to fuel speculation over Yahoo Inc.&rsquo;s search for a new chief executive &#8212; Corporate raider and billionaire investor Carl Icahn augmented his stake in Yahoo, has bought up close to 7 million additional shares of the Internet Company over three days this week, paying around $67 million, according to regulatory filings. <\/p>\n<p class=\"txtall\">Icahn, a billionaire hedge-fund manager who now holds a seat on Yahoo&rsquo;s board, acquired 6.77 million additional shares of Yahoo stock during November 24-26 for 67 million dollars, now owns 75.6 million of the company&rsquo;s shares, or a 5.4 percent stake valued at around $870 million based on Yahoo&rsquo;s closing share price on Friday, according to the documents filed with the Securities and Exchange Commission and dated Wednesday.<\/p>\n<p class=\"txtall\">The company&rsquo;s stock moved up 93 cents, or nearly 9%, to $11.51 in the shortened trading session after Icahn, a Yahoo board member who has been pushing a strategy shift or a sale to Microsoft Corp., said he had bought about 6.8 million shares.<\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/news.ebrandz.com\/yahoo\/2008\/2292-yahoo-stock-shoots-up-after-carl-icahn-raises-his-stake.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>eBrandz &#8211; In a move expected to fuel speculation over Yahoo Inc.&rsquo;s search for a new chief executive &#8212; Corporate raider and billionaire investor Carl Icahn augmented his stake in Yahoo, has bought up close to 7 million additional shares [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[859,156,810,67,1002,2304,3949,281,851,226,1582,20,34,154,850,3948,2485,2060],"class_list":["post-9247","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-aftermath","tag-brian-l-roberts","tag-capital-group","tag-chief-executive","tag-citadel","tag-cliff-asness","tag-company-yahoo","tag-conglomerate","tag-conocophillips","tag-mark-cuban","tag-mumbai","tag-new-marketplace","tag-news-press","tag-sharkwatch","tag-undisclosed-source","tag-unexpected-places","tag-unions","tag-yahoo-shares"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=9247"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/9247\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=9247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=9247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=9247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}