HipMojo.com http://watchmojo.com/web/blog Covering Online Video, Web, Search, Investing, Technology, Strategy, Investing, M&A, Financing, VCs Tue, 24 Nov 2009 01:14:49 +0000 http://wordpress.org/?v=2.1.3 en Legg Mason to Microsoft: Up Bid to Close Yahoo! Deal http://watchmojo.com/web/blog/index.php/2008/02/12/legg-mason-to-microsoft-up-bid-to-close-yahoo-deal/ http://watchmojo.com/web/blog/index.php/2008/02/12/legg-mason-to-microsoft-up-bid-to-close-yahoo-deal/#comments Tue, 12 Feb 2008 18:40:22 +0000 Ashkan Karbasfrooshan Internet & WebInvestingLegal MattersM&AManagementMicrosoftYahoo! http://watchmojo.com/web/blog/index.php/2008/02/12/legg-mason-to-microsoft-up-bid-to-close-yahoo-deal/ “We think MSFT (Microsoft) will need to enhance its offer if it wants to complete a deal,” Miller said in his quarterly letter to investors, which was released on Tuesday. Legg Mason is the second biggest shareholder of Internet firm Yahoo.

Miller, famous for steering the $16.5 billion Value Trust to 15 straight years of outperformance versus the Standard & Poor’s 500 index until 2006.

It should be noted that unlike Capital Research and Management - who owns both MSFT and YHOO - Mr. Miller’s fund does not own shares in MSFT (or if it does, it’s less than 1.5%, according to its top holdings).

Read more.

Note: Long YHOO

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