According to allthingsd: an attorney from the Federal Trade
Commission has been asking questions regarding Third Point, the New York hedge
fund that owns more than six percent of Yahoo and is its largest shareholder,
according to sources.
Two people I spoke to — both of whom declined to be
identified — in Silicon Valley separately said they had been contacted by a
lawyer at the FTC’s Bureau of Competition inquiring about the circumstances of
their contact with Third Point manager Dan Loeb (pictured here), specifically
around the time that he first began buying large chunks of Yahoo last year as
part of an activist shareholder action. Loeb is currently a director on the
Yahoo board.
One of those people contacted was told by the FTC attorney
that it was related to a “non-public investigation,” although the lawyer did
not reveal specifically what the line of inquiry was about.
But another source said that it was related to the
Hart-Scott-Rodino Antitrust Improvement Act (HSR Act) and its filing
requirements…..
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