Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
Reports that billionaire Carl Icahn had bought a further $US67 million of Yahoo! stock led to a significant rise in the company's share price late last week.
Icahn was involved in Microsoft's failed $US44 billion bid to acquire Yahoo! earlier this year. He originally threatened a proxy battle aimed at replacing Yahoo!'s board with a slate of pro-acquisition candidates, but settled for a seat for himself and some minor changes to the composition of the board.
Between November 24 and 26, Icahn purchased 6.8 million Yahoo! shares at an average price of $US9.92.
The company's share price closed at $US11.51 on Friday, giving him a paper profit of $US10.8 million within the week.
That's still just a fraction of the $US31 per share offered by Microsoft back in February, when Yahoo! was trading at $US19.18.
But it does average down the cost of Icahn's stake in Yahoo! - he reportedly paid around $US25 per share for his original holding.
The billionaire now owns approximately 5.5 percent of Yahoo!, which is currently looking for a new CEO following co-founder Jerry Yang's decision to step down once a successor has been found.
In related news, there are fresh suggestions that Microsoft is set to make a new proposal to Yahoo!, not for a complete takeover but a $US20 billion bid for the company's search business.
David Bass
| For the fourth year in a row, IDC has placed content security provider Websense (NASDAQ: WBSN) at the top of the IDC Worldwide Web Security 2011 –…
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