T. Boone Pickens Sells Entire Yahoo Stake, 10 Million Shares
I was literally in the middle of writing a post entitled “All Quiet on the Yahoo Front” when news broke about T. Boone Pickens selling off his entire stake in Yahoo.
I was pondering whether or not the calm was more like a relaxing day at the spa or an eerie moment in a M. Night Shyamalan movie when the famed Texas oilman took the latter route.
Pickens, known most recently for his alternative energy plan, bought 10 million shares back in May when he decided to throw his support behind Carl Icahn.
Now that Carl Icahn is somewhat in cahoots with Yahoo, with the announcement that he will join an expanded Yahoo board, Pickens is selling of his shares.
Telling the San Francisco Chronicle, “I think that Yahoo management was pathetic,” Pickens was adamant about Yahoo agreeing to Microsoft’s offer to buy the company.
Yahoo’s annual shareholders meeting will be held this Friday.
More about:
The Merkle B2B 2023 Superpowers Index outlines what drives competitive advantage within the business culture and subcultures that are critical to success. It is the indispensable guide for B2B marketers to deliver world-class experiences and keep pace with the dynamic environment. Download Now
The ClicData survey found that various challenges exist that prevent organizations from achieving such gains. These challenges included inaccessible data formats and limited flexibility in displaying data in dashboards. Download Now
The need for fraud prevention in the digital world is critical now more than ever. Why? Thinking about your own behavior, consider how you complete transactions and how this has changed over the last 5 years. Download Now
The need for fraud prevention in the digital world is critical now more than ever. Why? Thinking about your own behavior, consider how you complete transactions and how this has changed over the last 5 years. Download Now