Greenlight Capital sells Yahoo stake: source

Reuters News
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Posted: Jul 08, 2011 11:14 AM

SAN FRANCISCO (Reuters) - Greenlight Capital sold its stake in Yahoo Inc, a source familiar with the trade said on Friday.

The sale comes less than three months after David Einhorn, head of the hedge fund firm, told investors that Greenlight had built a position in Yahoo stock at $16.93.

Yahoo shares fell 2 percent to $15.50 in morning trading Friday.

(Reporting by Alistair Barr; Editing by Phil Berlowitz)