Carl Icahn

Icahn denies Time Warner stake build

Activist investor Carl Icahn has angrily denied he is quietly building a stake in US media giant Time Warner. Reports emerged in recent days suggesting Icahn was building an equity stake in the company, which houses HBO, Warner Bros. Entertainment and Turner Broadcasting System. However, Icahn told CNBC: “I don’t own one share of Time […]

Carl Icahn sells Netflix shares for bumper $819m

Billionaire investor Carl Icahn has sold more than half of his shares in streaming site Netflix in deals that have pocketed him more than US$800 million. According to an SEC filing issued yesterday, Icahn sold 2.98 million shares – around 5.1% of his 9.4% stake – over 12 days beginning October 10. The deals are […]

Netflix moves to head off takeover with poison pill

Netflix has put in place a ‘poison pill’ measure that could prevent investor Carl Icahn from increasing his holding in the company. Netflix is issuing rights to existing shareholders that will allow them to buy new stock in the company in the case on an unsolicited takeover. Netflix has declared a dividend distribution of one […]