Fund sells 70% of its Yahoo stake
From Times Wire Services
Yahoo Inc. shareholder Paulson & Co., a hedge fund that backed billionaire Carl Icahn’s unsuccessful bid to unseat the board, sold 70% of its stake in the Internet company.
Paulson held 15 million Yahoo shares as of June 30, according to a regulatory filing. The New York firm had owned 50 million shares at the end of March.
