Carl Icahn
-
Jack Dorsey says he’ll continue running both Square and Twitter
As Twitter’s growth continues to stall and increasingly becomes an issue, Twitter CEO Jack Dorsey’s double-time running both Twitter and Square has become a big question mark — and Dorsey says he’s staying the course. “This focus, and this team, allows me and gives me a lot of confidence I can continue to focus on the meaningful things at both companies and we… Read More
-
Apple’s loudest activist investor just dumped his stake
Carl Icahn, one of Apple’s biggest activist investors, told CNBC he has exited his position in the company. He was known for basically trying to pressure Apple into bumping up its efforts to return value to investors. At the time he declared his position, Apple was in the process of a $100 billion several-year capital return program that included buybacks and dividends, but that… Read More
-
Netflix Surges 8% To All-Time High On News Of New Price Target And Japan Launch Date
On a day the NASDAQ was down about 0.2 percent, Netflix hit a new all-time high during intra-day trading, hitting $122.78 and eventually closing at $121.00 per share, up 7.5 percent on the day. The video streaming service has seen its shares rise 143 percent so far in 2015. A stock split, Icahn cashing out, and and encouraging earnings reports have spurred investor’s attention in… Read More
-
Netflix Splits Stock And Icahn Cashes Out, Volatility Ensues
It’s been a busy 24 hours for Netflix stock. Yesterday the company announced that its board has approved a 7-for-1 stock split. This announcement immediately sent shares soaring more than 3 percent in after-hours trading, bringing the price over $700 for the first time. Read More
-
Lyft Raises An Additional $150M, Including $100M From Carl Icahn
It may not have the mega-valuation of rival Uber, but ridesharing startup Lyft’s new $150 million extension to its $530 million round from March certainly puts it in the upper stratosphere of startups in terms of perceived value. The new $150 million extension is led by Carl C. Icahn’s Icahn Enterprises, which put up $100 million of the total. It’s an unusual move by Icahn… Read More
-
eBay Fires Off Another Anti-Icahn Missive To Convince Shareholders To Hold On To PayPal
As eBay’s May 13 annual stockholders’ meeting approaches, the e-commerce giant has published another letter to shareholders to drive home its opposition to activist investor Carl Icahn, his belief that PayPal should be spun off, and the appointment of two Icahn-backed board members. Read More
-
Icahn’s $150B Apple Gambit Could Transform The Management Of Cash-Rich Tech Giants
Having amassed a nearly $2 billion stake in Apple, Icahn recently had dinner with the company’s CEO Tim Cook. His pitch: A $150 billion buyback. The pair are set to discuss the idea more in a few weeks. Icahn is not making a small claim: His buyback program totals more dollars than Apple’s entire current cash position. And he might get it, too. Read More
-
Carl Icahn and Southeastern Propose Alternative Offer To Michael Dell’s Buyout
Dell shareholders Carl Icahn and Southeastern Asset Management have teamed up to propose an alternative offer to founder Michael Dell’s $24.4 billion leveraged buyout deal. Read More
-
Blackstone Reportedly Withdraws Bid For Dell, Citing “Deteriorating” Business
Blackstone has reportedly withdrawn its bid for Dell, leaving the way open for founder Michael Dell and Silver Lake to buy out the company, reports Reuters. Read More
Latest Crunch Report
-
Carl Icahn In Talks With Motorola About Its Massive Patent Portfolio
In the land of mobile, patents have never been more crucial. He with the most patents has the most power. Period. In the last few months alone we’ve seen Apple and Samsung duke it out, Apple and HTC take it to the mat, Google chat it up with InterDigital, and I won’t even start on Nortel. Billionaire investor Carl Icahn — notorious for pumping money into companies and… Read More
-
Carl Icahn Says His Work Is Done, Resigns From Yahoo's Board
Billionaire investor Carl Icahn is resigning from Yahoo’s board of directors. According to MarketWatch, he said “there was not a need at this time for an activist investor” at Yahoo anymore and that he’d rather focus on other companies. The subtext there being that either A) he feels that his work is done and he can move on now that the search deal with Microsoft… Read More
Message Us