This saga is getting stranger and stranger.
Billionaire investor Carl Icahn is considering launching a proxy fight at Yahoo, according to people who have spoken with Icahn.
Icahn has declined to comment.
Late last week, Icahn began building a significant position in Yahoo that may be as much as 50 million shares, these sources said.
That is some serious money he has invested in Yahoo. Ichan must have been the big investor that was propping up the price at $25 a share last week. I wonder if he can pull off the proxy fight before Thursday when the offer expires?
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