• Most Popular
  • Most Shared

Capital Research raises Yahoo stake

Fri Oct 10, 2008 2:28pm EDT

Stocks

   

(Adds details on Cap Re, Yahoo-Microsoft)

Stocks  |  Mergers & Acquisitions  |  Global Markets  |  Funds News  |  ETFs News

SAN FRANCISCO, Oct 10 (Reuters) - Yahoo Inc's (YHOO.O) second-largest shareholder has raised its stake in the Internet company to 10.1 percent, according to a regulatory filing.

Capital Research Global Investors now owns 140.2 million Yahoo shares, up from nearly 120 million shares, or 8.6 percent, it owned at the end of June 2008.

Cap Re's fund manager Gordon Crawford had said in May he was "extremely angry" at Yahoo Chief Executive Jerry Yang over the breakdown of buyout talks with Microsoft Corp (MSFT.O).

Capital Group's two equity investment funds, Capital World Investors (Yahoo's largest shareholder) and Capital Research, now own more than 22 percent of the company collectively.

(Reporting by Anupreeta Das; Editing by Phil Berlowitz)

Stocks
Mergers & Acquisitions
Global Markets
Funds News
ETFs News


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets