Third Point’s Daniel Loeb searching for Yahoo Gold

September 26th, 2011
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With constant rumors swirling throughout Wall Street and Silicon Valley, it seems even more apparent that the independent days of the troubled internet behemoth Yahoo are numbered. As if Yahoo’s executives did not have enough people whispering advice in their ears, they can now look to notorious hedge fund activist Daniel Loeb who will likely drown out the whispers with vociferous demands for management’s heads.

According to SEC filings, Daniel Loeb’s Third Point Management hedge fund has acquired a 5.2% stake in Yahoo. Mr. Loeb is calling for a major reshuffling of the company’s board and will likely look to position the company for a takeover or a major “shareholder value creating” restructuring effort.
For Detailed Investor Profiles on these Investors, click below:
Third Point Management Company
Related People: Daniel Loeb; James L. Carruthers*; Munib Islam; Robert Schwartz; Tim Lash
Related Entities: Third Point LLC; Third Point Opportunities Master Fund LP; Third Point Resources LP; Third Point Ultra Master Fund LP; Third Point Ventures
Related Article Tags: Shareholder Activists, Corporate Raiders and Proxy Battles

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