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Arbitrageur John Paulson Buys 50 Million Share Stake In Yahoo: Report

This story was written by Joseph Weisenthal.
"Blue Horseshoe Loves Yahoo." As Carl Icahn officially launches a proxy throwdown at Yahoo (NSDQ: YHOO), Reuters reports that the Paulson Fund, a top hedge fund run by investor John Paulson, has amassed a 50 million share stake, which represents around 3.6 percent of the total. Paulson was one of the most highly compensated hedge fund managers last year, having made a significant bet against the subprime mortgage market. He's also known for betting on merger arbitrage situationsso Carl Icahn's attempt to play matchmaker between Yahoo and Microsoft (NSDQ: MSFT) would be right up his ally.

By Joseph Weisenthal