Einhorn Greenlights sale of Yahoo! Games

Hedge Fund guru David Einhorn say not "Yahoo!" when he announced Friday that its Fund, Greenlight capital, sold its share in online business.

Einhorn, had instead a tone of resignation in a letter to shareholders, according to news reports.

GreenLight capital had owned 8.5 million shares of Yahoo! March 31, according to a Securities and Exchange Commission filing.

But in Einhorns letters, published by online blog zero Hedge, as he has some of the blame for the sell-off to an ongoing dispute between Yahoo! and China's Alibaba group over ownership Alibaba's online payments business, Alipay to a company owned separately by Alibaba's CEO.

Einhorn had bought Yahoo! shares earlier this year on the online company's stake in Alibaba.

But he expressed in the letter to Greenlight will not be involved in Yahoo! and Alibabas and back, if not in part, "that was what we signed up for. We ended with a modest loss. "

Einhorn has since again, have to worry about other things such as completed his purchase of a stake in the New York Mets.

Go to zero Hedge article

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Rangers refute Einhorn's Rumored $ 1 games

Hedge fund manager David Einhorn potential 33% stake in the New York Mets were said to have been 60% over three years for just one dollar.

But the Mets say any story about such stealing is simply a scent.

Einhorn, the head of the 5 billion dollar company Greenlight capital, is currently finalizing a deal with the Mets for a third minority stake in the team against their investment of 200 million dollars, but could end up with 60% controlling stake for an additional $ 1 as part of the agreement, according to a report in Forbes on Wednesday.

Win 60% of the shares would only occur if Mets co-owners Fred Wilpon and Saul Katz does not pay back the $ 200 million to Einhorn. Any agreement between the parties is subject to approval from Major League Baseball before it is finalized.

The Mets, a statement rejected the report:

"Like many other reports in the media speculate about a potential, yesterday was simply false, too."

A spokesman for Einhorn declined to comment to HedgeFund.Net report.

Agreement between Einhorn and the Mets was announced last month.

Among other details of the agreement, Einhorn was given back its $ 200 million, he would end up with only 16% ownership.

But he stands a good chance to acquire majority ownership since the Wilpon and Saul Katz are offered a share in the group to cover liabilities, and expenses, due partly to a $ 1 billion lawsuit from Irving Picard, the trustee in bankruptcy of Bernard Madoff. Wilpon also said in an interview in Sports Illustrated last month that the team could see 70 million dollars in losses this year.

Go to the Forbes article

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Portent offers LightSquared games for exercise

Hedge fund manager Phil Falcone, who invested a lot in the development of a next-generation wireless networks through his stake in startup LightSquared, hope his investors will agree with him as he Rides the bet.

Founder of 6 billion dollars, Harbinger Capital Partners says redeeming investors that a proportion of their claims will be paid in special vehicles which tracks the Lightsquareds value.

A spokesman for the Harbinger declined to comment.

Falcone is particularly keen to retain as much of his Fund's money as possible in their wireless companies invested as LightSquared reportedly is about to sign an agreement to pay Sprint Nextel 20 billion dollars over 15 years of Sprint's existing network.

While some investors might not pleased that their liquidity is further bound, where Falcone's gamble pays off, they were able to do very well.

At a recent New York Investor Conference said Falcone LightSquared "will be public for a day".

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