SEO News

T. Boone Pickens Sells Entire Yahoo Stake, 10 Million Shares

by , Comments

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.

ClickZ Live Toronto Twitter Canada MD Kirstine Stewart to Keynote Toronto
ClickZ Live Toronto (May 14-16) is a new event addressing the rapidly changing landscape that digital marketers face. The agenda focuses on customer engagement and attaining maximum ROI through online marketing efforts across paid, owned & earned media. Register now and save!

Recommend this story

comments powered by Disqus