's search for a new chief executive, activist investor Carl Icahn has bought up close to 7 million additional shares of the Internet company, according to regulatory filings.
Icahn bought 6.8 million shares for an average of $9.92 each in three batches from Monday through Wednesday, bringing his total stake to 75.6 million, or nearly 5.5 percent of the company, according to the filing made Wednesday. In his original $1.5 billion investment in Yahoo, Icahn paid an average of about $25 dollars per share.
Full Story: Carl Icahn raises his stake in Yahoo (AP)
Icahn bought 6.8 million shares for an average of $9.92 each in three batches from Monday through Wednesday, bringing his total stake to 75.6 million, or nearly 5.5 percent of the company, according to the filing made Wednesday. In his original $1.5 billion investment in Yahoo, Icahn paid an average of about $25 dollars per share.
Full Story: Carl Icahn raises his stake in Yahoo (AP)
