Carl Icahn, the billionaire investor who tangled with Yahoo's executives and board after the company turned down a sale to Microsoft in 2008, has quietly been selling his large stake in Yahoo.
Funny thing, though: So have Yahoo's founders David Filo and Jerry Yang. Yang served as CEO during negotiations with Microsoft.
Back then, Yahoo was trading at $33 a share and Microsoft was offering a premium price of $47.5 billion for the company.
Now, Yahoo's shares trade at around $15.
Icahn sold off 63 million of his own shares, and now holds on 12 million.
Yang is putting 3 million shares on the market, while Filo, who acts a senior technology leader within the company, plans to sell 2 million.
So after all this time, and much public criticism of Yang by Icahn, the two can agree on one thing -- dumping their stakes in Yahoo.
Jackson West has no shares of Yahoo to sell, and certainly won't be buying.
Yahoo Founders, Major Investor Dumping Shares
Carl Icahn and Jerry Yang finally agree on something -- selling Yahoo stock
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