Carl Icahn Goes Long On Yahoo Stock

According to both All Things Digital and Tech Crunch, billionaire financier Carl Icahn bought up another 6.7 million shares of Yahoo earlier this week. Icahn owns Yahoo stock that has lost about $900 million in value since he bought about five percent of Yahoo earlier in the year.

Whether Yahoo is close to announcing a new CEO or not, the purchase of 6.7 million more Yahoo shares for about $65 million by Icahn over the last several days, clearly shows he is still committed to the company for some time to come.

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