YHOO: Dan Loeb's Third Point LLC sold 11M Yahoo...

6:30 PM Dan Loeb's Third Point LLC sold 11M Yahoo (YHOO) shares on Thursday and Friday in order to keep the firm's stake in the Internet media giant from growing on account of its $5B buyback plan. That leaves Third Point, which supported Yahoo's buyback plan as well as the hiring of Marissa Mayer, with 62M shares, or a 5.3% stake based on Yahoo's diluted share count at the end of Q4. Yahoo purchased $1.5B worth of shares in the quarter. (previous) Read comments

YHOO price at time of publication: $19.76. Check YHOO price now »

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Press Releases on YHOO

• Yahoo! Reports Fourth Quarter and Full Year 2012 Results (Business Wire)
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StockTalk on YHOO: YHOO StockTalk | Twitter YHOO | Twitter $YHOO | YHOO Instablogs

Recent Market Alerts on YHOO: All currents | Earnings | Dividends | M&A | On the move

Transcripts on YHOO

• Yahoo! Management Discusses Q4 2012 Results - Earnings Call Transcript
• Yahoo! Management Discusses Q3 2012 Results - Earnings Call Transcript
• Yahoo! Management Discusses Q2 2012 Results - Earnings Call Transcript

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