The filing notes that Icahn Capital LP, an investment firm controlled by Icahn, and associated entities bought 5.54 million shares of stock in the company, plus call options, for $168.9 million. In remarks filed with the announcement, the group suggests Netflix is undervalued.
But "Netflixed," a book coming out next week, aims to set the record straight about how the company seized supreme power in online video rentals and who was responsible for that success, as well as offer clues to where the company may be headed.
Gina Keating, the book's author and a former reporter for Reuters, spent two years researching the project, which offers an insider's view … Read more
Could billionaire activist investor Carl Icahn be the answer to Research In Motion's woes?
Wall Street apparently thinks so, as RIM's stock rose nearly 7 percent today on speculation that Icahn may have taken a stake in the company, BGC Partners analyst Colin Gillis, citing traders, told Reuters today.
"We believe that, if true, this would be viewed positively, as it could lead to changes in the company to potentially unlock value," said James Moorman, an equity analyst at Standard & Poor's.
Icahn has a track record of taking major stakes and agitating for change … Read more
Billionaire activist investor Carl Icahn thinks Motorola Mobility should sell its valuable patent portfolio.
Icahn disclosed in a filing with the Securities and Exchange Commission today that he believes Motorola's patent portfolio has significant value. He said the company should start looking at ways to realize that value given the heightened demand for such intellectual property in the industry, which is Wall Street-speak for potentially selling the patent portfolio.
Motorola issued a statement saying it continuously reviews the company's strategic direction and opportunities, but added that its recent progress has been made partly on the strength of those … Read more
Carl Icahn has bumped up his share of Motorola to around 10.4 percent, according to a filing with the Securities and Exchange Commission.
The SEC filing shows that the billionaire investor spent a total of $86.2 million to scoop up 11.5 million additional shares of Motorola on Wednesday and Thursday. This latest purchase comes on top of other recent moves by Icahn to grab more stock in the company. In May, Icahn upped his ownership of Motorola to 8.8 percent, and then in early August, raised it still further to 9.99 percent.
The increased buying … Read more
At least one notable investor is expecting a windfall after Motorola splits the company into two next year.
Since the start of 2010, billionaire investor Carl Icahn has boosted his stake in Motorola to 203.3 million shares, or around 8.8 percent of outstanding shares, from 119.8 million at the end of 2009, according to an SEC filing.
A person familiar with the matter told The Wall Street Journal (subscription required) that Icahn believes his investment will jump next year after Motorola splits itself into two separate companies. "He perceives there is value to be unlocked," … Read more
One of the Yahoo board members who accompanied Carl Icahn into the boardroom does not plan to run for re-election, Yahoo announced Tuesday.
John Chapple, whose day job is managing equity investment firm Hawkeye Investments, will not serve another term on Yahoo's board.
It's not clear whether anyone will be nominated at Yahoo's June annual meeting to take his place and keep the number of directors on Yahoo's board at 11.
Carl Icahn has substantially cut his stake in Yahoo, according to regulatory filings made public Friday.
The billionaire investor had just under 12 million shares of Yahoo at the end of 2009, according to the new filing with the Securities and Exchange Commission. That compares with more 60 million shares he held last summer.
Two years ago when Microsoft was attempting an acquisition of Yahoo, Icahn amassed a huge stake in the Internet pioneer. When Yahoo turned down Microsoft's offer, Icahn started a proxy fight and sought to oust Yahoo's board in order to influence the deal. In … Read more
Carl Icahn, who launched a shareholder insurrection at Yahoo last year over its handling of a takeover offer from Microsoft, is leaving Yahoo's board of directors.
MarketWatch reported Friday that Icahn has informed the company he's moving on to other interests. It's been a over a year since he forced his way onto the board after expressing his displeasure at Yahoo's rejection of Microsoft's offer to acquire the company, which at one point was valued at $33 a share. Yahoo's stock closed at $17.22 on Friday.
Yahoo confirmed Icahn's departure, and said … Read more
As finalization of a Microsoft-Yahoo search deal reportedly nears, activist investor Carl Icahn--who played a key role in trying to broker a broader partnership between the companies last year--is speaking out in favor of such an agreement.
"I've been a strong advocate of getting a search deal done with Microsoft," Icahn, who owns about 5 percent of Yahoo and sits on its board, told Reuters in a phone interview Friday. "It would enhance value if a deal got done, because of the synergies involved."