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July 29, 2008
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.
Posted by Nathania Johnson on July 29, 2008 10:35 AM
Comments
David Charles July 29, 2008 3:30 PM
Does anyone have a graphic of how many Yahoo Employees have joined linkedin and added about 6 thousand new contacts?
Jerry Nordstrom July 30, 2008 12:11 PM
Since we could not find a vehicle registered for T. Boone Pickens, the oil man on television, see what vehicle his wife drives
Robert Lewis July 31, 2008 8:08 PM
I just got off the phone with Yahoo support a couple of hours ago and I'm pretty sure that what we are now experiencing with Yahoo is a calm-before-the-storm. They are really shaking things up over there. This kinda sucks for me, since I'm looking to take on the giant.