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Feds Approve Icahn's Yahoo Stock Buys

Activist investor plans additional $2.5B outlay to boost proxy bid

By Nick McMaster, Newser Staff

Posted May 30, 2008 2:52 PM CDT

(Newser) – The Federal Trade Commission gave Carl Icahn approval to purchase additional chunks of Yahoo stock, part of the activist investor's plan to gain control of the company's board and perhaps force a sale, MarketWatch reports. Icahn already owns 59 million Yahoo shares and options and is reportedly seeking 93 million more (a $2.5 billion value).

Billionaire financier Carl Icahn, right, and his wife, Gail, arrive at the Motorola annual meeting in Chicago in this May 7, 2007 file photo. (AP Photo/Charles Rex Arbogast, File)

Striking Yahoo janitors and supporters hold signs during a rally in front of Yahoo headquarters in Sunnyvale, Calif., Tuesday, May 20, 2008. (AP Photo/Paul Sakuma)

Financier Carl Icahn poses in New York in this Monday, Oct. 30, 1995 file photo. (AP Photo/Ed Bailey, file)

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Feds Approve Icahn's Yahoo Stock Buys

Activist investor plans additional $2.5B outlay to boost proxy bid

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More Newser Stories

Yahoo Takes Icahn Fight to Homepage

Link shows decline in businesses he's worked with

Yang Slams 'Destabilizing' Microsoft Plan

CEO accuses Icahn-allied giant of pretending to want deal

Yahoo's Defensive Stance: Microsoft 'Inconsistent' in Bid

Company gives take on negotiation as clock ticks on Icahn proxy fight

Icahn: Yahoo Poison Pill 'Reprehensible'

But pricey severance plan kicks in if Icahn wins proxy fight, Yahoo says

Yahoo Chair Hits Back at Icahn

Says corporate raider 'grossly' distorted, lacks 'credible plan' other than Microsoft sale

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Feds Approve Icahn's Yahoo Stock Buys

Activist investor plans additional $2.5B outlay to boost proxy bid

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OTHER STORIES ON OUR RADAR

Yahoo • Microsoft • Carl Icahn • shareholders • billionaire • proxy battle • investor

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Yahoo Takes Icahn Fight to Homepage

Link shows decline in businesses he's worked with

Yang Slams 'Destabilizing' Microsoft Plan

CEO accuses Icahn-allied giant of pretending to want deal

Yahoo's Defensive Stance: Microsoft 'Inconsistent' in Bid

Company gives take on negotiation as clock ticks on Icahn proxy fight

Icahn: Yahoo Poison Pill 'Reprehensible'

But pricey severance plan kicks in if Icahn wins proxy fight, Yahoo says

Yahoo Chair Hits Back at Icahn

Says corporate raider 'grossly' distorted, lacks 'credible plan' other than Microsoft sale

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Newser By Users

Community

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