John Paczkowski

Recent Posts by John Paczkowski

Think of It as a Vote of Confidence in Yahoo's Turnaround Plan, Jerry. You'll Feel Better.

Add Capital Research & Management Co. to the list of Yahoo (YHOO) shareholders apparently convinced the company will be acquired by Microsoft (MSFT). In a regulatory filing published yesterday, the company revealed that it had nearly doubled its stake in Yahoo.

On Dec. 31, 2007, Capital held 5.2% of Yahoo’s outstanding shares. As of March 31, it holds 10.1%. Now, while it’s possible that the company could have increased its Yahoo stake before Microsoft’s acquisition offer Feb. 1, it’s more likely that it increased it afterward, betting that the software giant would be forced to raise its bid to close the deal.

“That was smart,” analyst David Hilal said of the move, which makes Capital the largest Yahoo shareholder. “I’m still of the belief that Microsoft is going to buy Yahoo and they’re going to raise their bid. And I’m assuming they’re making the same bet over there [at Capital].”

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work