Carl Icahn | featured news

Billionaire investor Carl Icahn, who is fighting Dell Inc. founder Michael Dell's plan to take the struggling company private, is entering into a confidentiality agreement that would give him access to the computer maker's financial records.

Billionaire investor Carl Icahn is proposing an alternative to the $24.4 billion plan to sell slumping PC maker Dell to a group led by founder Michael Dell, saying it substantially undervalues the company.

Netflix is moving to protect itself against hostile takeovers, less than a week after activist investor Carl Icahn disclosed a stake of nearly 10 percent in the online video company. Netflix Inc. said Monday that it has adopted a shareholder rights plan, also known as a poison pill. Such a plan is designed to make it difficult or even impossible for someone to take over the company without an agreement from the board. When the provision is triggered, additional shares flood the market and make it prohibitively expensive for a takeover.

Billionaire investor Carl Icahn offered to buy Clorox Co in a $10.2 billion deal, but also invited the household products maker to hold a "go shop" sale, which he said should yield a higher bid for the company.

Dish Network and investor Carl Icahn are among the bidders that have submitted offers for Blockbuster ahead of a bankruptcy court auction set for next week.

Lions Gate has made a merger offer with Metro-Goldwyn-Mayer, a move that has the backing of Carl Icahn, who has financial interests in both movie studios.

Carl Icahn sued Lions Gate over what he called a "reprehensible" debt-to-equity deal executed last week by the movie studio that reduced the activist investor's stake.

Carl Icahn again extended his tender offer for Lions Gate and eliminated his majority-control condition. The film and TV studio reiterated its rejection.

Lionsgate may have the making of an agreement with Carl Icahn that includes giving the corporate raider coveted boardroom representation, Dow Jones reported Friday.

Carl Icahn's hostile attempt to take control of Lionsgate has been slow-going, so he has extended his deadline by 10 days.