| By Maureen O'Gara |
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| May 21, 2008 12:45 PM EDT |
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3,042 |
Carl Icahn, the guy with the shotgun in Yahoo's back, has picked up a couple of friends to hand him bullets. Third Point LLC, a hedge fund, has picked up five million shares in Yahoo on its way perhaps to 10 million shares and is supporting Icahn's proxy battle to sell the joint to Microsoft, Reuters said. And Texas oil billionaire T Boone Pickens announced on CNBC that he bought 10 million shares and is supporting Icahn.
Paulson & Co, another hedge fund with 50 million shares, has already thrown its support to Icahn.
Meanwhile, the shareholders suing Yahoo down in Delaware over the Microsoft bid are trying to get documents Yahoo wants hidden made public to help Icahn along.
The documents involve the currently redacted claims made in the suit itself, notes from a conversation between Jerry yang and Steve Ballmer and details about that merger-stymieing employee severance plan Yahoo came up with after Microsoft first announced its interest in the company at the end of January. Yahoo has been accused of trying to “sanitize the public record.”
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.
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