Yahoo's largest investor doubles down

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Yahoo's largest institutional investor nearly doubled its stake in the Internet search pioneer, according to a filing with the Securities and Exchange Commission on Thursday.

Capital World Investors increased its Yahoo stake to 10.1 percent, when it bumped up its ownership to 135,542,600 shares, as of March 31.

That's a 95 percent increase from its Yahoo holdings on December 31.

One possible driver that led Capital World to double down on Yahoo is Microsoft's megabillion buyout offer for the company.

Dawn Kawamoto covers enterprise security and financial news relating to technology for CNET News. E-mail Dawn.

Topics:: Microsoft,; Search,; Yahoo

Tags:: Yahoo,; Microsoft,; mergers-acquisitions

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Invest more...
by rashesthippo April 10, 2008 10:52 AM PDT: I think that they are banking on Microsoft's willingness to pay more per share. Therefor Invest more to make a bigger profit from the sale of Yahoo.; Like this Reply to this comment

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