Icahn Gets Approval To Buy More Yahoo

This story was written by Joseph Weisenthal.
The FTC has given investor Carl Icahn the right to buy more shares of Yahoo (NSDQ: YHOO), according to Reuters. When Icahn's stake in Yahoo was first confirmed earlier this month, he said it was his intention to get approval to buy up to $2.5 billion worth of shares in the company. Now well see, given all of the latest developments (or non-developments, more accurately), whether he follows through on the share buy.

By Joseph Weisenthal


Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App