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Loeb's hedge fund launches site in war with Yahoo
Apr 2nd, 2012
NEW YORK (Reuters) - Hedge fund manager Daniel Loeb has intensified his firm Third Point's proxy battle with Yahoo Inc, launching a website calling for a management shakeup at the online media company. ValueYahoo.com, which went live on Monday, also boasts a blog, links to articles covering the proxy fight and biographies of four proposed board nominees, including Loeb himself. Loeb is using the website to line up support for Third Points' positions ahead of Yahoo's annual meeting expected to take place in June. ... (Source: Reuters) -
(Reuters) - One-time hedge fund darling Apple Inc was dropped by more well-known fund managers in the first quarter, including John Griffin and Chase Coleman. Shares of Apple were down $19.50, or 4.4 percent, at $424.36 in trading on the Nasdaq on Wednesday. The shares have fallen 40 percent from their all-time peak of $705.07 in September. Sales o... [Full Article]
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By Ronald Grover LOS ANGELES (Reuters) - Former News Corp president Peter Chernin and private equity fund Guggenheim Digital Media have placed bids for Hulu, two people with knowledge of the matter told Reuters, triggering a tug-of-war for the online video service. Satellite operator DirecTV and cable operator Time Warner Cable Inc also put in bids... [Full Article]
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