Activist investor Daniel S. Loeb is committed to his battle with Sotheby’s (BID) management, with his latest announcement of nominating himself to the company’s board along with two other people, namely Harry Wilson of MAEVA Group LLC and Olivier Reza of the House of Alexandre Reza.
By Dividend Kings:In an era when authenticity and complete transparency rule, Yahoo (YHOO) is failing miserably, and shareholders are not happy. The company is currently engaged in a battle for eyeballs with Google (GOOG) and a tussle for corporate control with the hedge fund Third Point.
Hedge fund hot-shots David Einhorn and Daniel Loeb's fund have had some solid gains in 2013, especially during the month of November. According to DealBook's Matthew Goldstein, Einhorn's Greenlight Capital posted a 4.7% gain in November. Greenlight Capital is up 19.1% year-to-date.
Third Point sent Yahoo a request for records relating to its selecting former eBay executive Scott Thompson as its chief executive, after the besieged technology company admitted that it had misstated its leader's academic credentials.
The latest rumor is that Yahoo Inc. (YHOO), which remains one of the biggest names in Internet business and online search, is seeing a growing number of bids for the whole or a part of its business.