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back to article Icahn! goes! double! or! quits! on! Yahoo!

Troublemaking investor Carl Icahn has doubled his stake in Yahoo! despite sitting on a billion dollar loss from his first stake in the firm. Icahn built up a huge stake in Yahoo! in May when shares were floating around $25. He tried, and failed, to get the board to accept a $33 a share offer from Microsoft. According to an SEC …

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Anonymous Coward

Drive it down, buy it cheap, sell at profit

I hope the Yahoo shareholders sue Icahn over his use of trojan board members.

If they want their money back, he has lots and lots to give.

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With Yang the Wang out of the way...

..they are still screwed. Seems like Icahn does not understand the concept of cutting his losses.

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Alert

Oh?!

Is! Icahn! any! better! than! he! was! before?!

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new entry in the dictionary ...

Chief yahoo : Blundering Idiot

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Paris Hilton

I don't understand the numbers

"Carl Icahn has doubled his stake in Yahoo! despite sitting on a billion dollar loss from his first stake in the firm."

Icahn built up ..when shares were floating around $25.

..bought another 6.9 million shares - for less than $10 each."

I don't get the mathematics here. If he has doubled his stake, that means he initially bought 6.9 million shares for around $172 million. So how can he lose $1 billion from owning $172 million worth of shares?

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