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Articles about Carl Icahn

Icahn, but Iwont: Carl the investor pest ends war with eBay

Carl Icahn has finally made peace with eBay after withdrawing his call for the auction site to divorce from its partner Paypal. The meddlesome investor has spent the last few months rudely demanding the spin off of eBay's payment service and asking for two of his aides to be put on the firm's board. After a barrage of open …
Jasper Hamill, 11 Apr 2014
PayPal

eBay rejects Carl Icahn's board nominees as 'inexperienced'

eBay has rejected both of Carl Icahn's nominees for its board, saying they're not qualified for the job – and has urged its investors to do the same. The online marketplace said in a pre-annual general meeting filing that it had looked at the candidates proposed by the activist investor, who's agitating to get the firm to spin …

Icahn and I will: Carl's war on eBay goes NUCLEAR over Skype

Carl Icahn has pressed the red button in his war on eBay and has demanded access to all its records documenting the sale of VoIP firm Skype. The irate investor has published another of his infamous open letters in which he savages eBay management, and board director Marc Andreessen in particular. Icahn wants to launch a full …
Jasper Hamill, 04 Mar 2014

Thanks for suggesting eBay should flog PayPal. It's not happening, CEO tells Carl Icahn

eBay has rejected a call from activist investor Carl Icahn to spin off its PayPal division into a separate company. John Donahoe, chief exec of the online marketplace, said that he had spoken with Icahn but the board and management believed that eBay and PayPal would do better if they stayed together. "The synergies are clear …

eBay stockholders! There's MORE to COME, thunders Carl Icahn

Activist investor Carl Icahn is continuing his campaign to get eBay to spin off PayPal, writing yet another letter to shareholders that said he hadn't even begun to fight to get his way. "Stockholders, please stay tuned. There is more to come – much more," Icahn threatened in his latest open letter (emphasis his own). The …

Carl Icahn: I don't want to fight with Tim... but I will

Investment guru Carl Icahn says he doesn't want to fight with the management of Apple, but he won't abandon his sizeable financial concern in the firm either. Icahn has been trying to get Apple to give some of its cash mountain to shareholders by buying back $150bn worth of shares and has been meeting with chief Tim Cook to try …

Carl Icahn broadcasts his $150bn Apple shakedown effort to world+dog

Activist investor Carl Icahn has reiterated his recommendation to Apple CEO Tim Cook that Cupertino blow $150bn to buy back company stock, and this time he has shared his reasoning with world+dog. "We find it difficult to imagine why the board would not move more aggressively to buy back stock by immediately announcing a $150 …
Rik Myslewski, 24 Oct 2013
Fawlty Towers

Apple cash stash dash results in Icahn v CalPERS bitchfight

Activist investor Carl Icahn has gone to war with the pensioners of California over his bid to get his grubby mitts on Apple's mammoth money pot. The moneyman wants Apple to launch a $50bn share buyback, which would give shareholders a profitable but brief payday. But the California Public Employees' Retirement System (CalPERS …
Jasper Hamill, 06 Feb 2014

PayPal mudslingfest TELEVISED: Icahn and Donahoe go on telly

The fight between activist investor Carl Icahn and eBay over the fate of PayPal has hit the media, after Icahn claimed that he'd "never seen worse corporate governance" at another firm. Speaking to CNBC television, Icahn criticised the firm's governance policy and also said that eBay chief exec John Donahoe shouldn't have …
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Carl Icahn may be planning to block Dell buyout

A new potential opponent to the proposed leveraged buyout of Dell by founder Michael Dell has emerged, in the form of none other than corporate raider activist investor Carl Icahn. On Wednesday, the special committee of Dell's board appointed to investigate the deal declared that selling the company would be the best option for …
Neil McAllister, 07 Mar 2013

Apple investor Icahn backs down on share buyback plan

Activist investor Carl Icahn has laid down his sword and given up the fight to persuade Apple to launch a $150bn share buyback. His surprise capitulation comes after influential proxy firm ISS advised investors to vote against Icahn's proposal for Apple to buy back its own – thus allowing shareholders to get their mitts on some …

Icahn rallies the troops to pump Apple for cash at next shareholder meeting

Wall Street tycoon Carl Icahn hasn't given up on his quest to have Apple return some of its $150bn cash stockpile to investors, and he now wants Cupertino's shareholders to vote on the idea. Icahn has spent the last few months pestering Apple CEO Tim Cook to spend the company's cash reserves on a stock buyback program that would …
Neil McAllister, 04 Dec 2013

Icahn slurps another $500m in Apple shares, demands buyback AGAIN

Activist investor Carl Icahn has yet again called on Apple to start scooping a few handfuls off its mountain of cash and handing it back to shareholders. His latest call came after he upped his stake in the fruity firm by a whopping $500m. The agitating stockholder tweeted that he'd upped his share of the fruity firm to $3.6bn …
Ebay logo outside of the company's HQ

PayPal row heats up as eBay chair calls Icahn claims 'false and misleading'

eBay chairman Pierre Omidyar has said activist investor Carl Icahn's comments about the firm are "false and misleading" as the row over the fate of PayPal heats up. In one of his notorious open letters to shareholders, Icahn accused eBay's board of having conflicts of interest that had affected its decision not to spin off …

eBay boss tells workers to ignore 'noisy' Icahn's PayPal sale campaign

eBay chief John Donahoe has warned employees to ignore Carl Icahn's "noise" about the board and the proposed spin-off of PayPal. Icahn has been engaged in a fierce campaign to convince the online bazaar to spin off the payments firm and has levelled allegations that the board isn't fit to make the decision, claiming conflicts of …
Netflix streaming service screenshot on Samsung

Icahn trousered $700m from Netflix stock sale?! Er, it would appear so

Billionaire investor Carl Icahn has cashed in on Netflix's good fortunes, bagging profits of between $700m and $800m by selling three million shares earlier this month. Icahn bought shares in the video streaming site just over a year ago for around $58 each and sold some of them yesterday for $341.44 per share, a 457 per cent …

Dell nemesis Icahn offers Apple's Tim Cook slap-up grub in share buy bid

Investor Carl Icahn - best known for trying to stop Mike Dell from taking Dell the company private - has applied more gentle pressure to Apple boss Tim Cook to get the chief exec to beef up the iPhone maker's share buyback. During the Nasdaq outage, Icahn tweeted that he'd been chatting to Cook and was planning a dinner with the …
Dell logo in crosshairs

Court throws out Icahn's demand to stall Dell shareholder vote

Carl Icahn's quest to delay the shareholder vote on the future of Dell has been knocked back by a Delaware judge, who said there was no evidence that the company was acting improperly. "This court is not going to be dragged into a tactical game," Chancery Court Judge Leo Strine ruled on Friday. The Dell board had "acted in good …
Iain Thomson, 16 Aug 2013

Icahn to Cook: 'Buy back $150bn of Apple's stock, or tell me why you won't'

Fresh from his flopped attempt to prevent Dell from going private, activist investor Carl Icahn has turned his attention towards Apple, advising CEO Tim Cook to up his stock-buyback plan to a cool $150bn. Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in …
Rik Myslewski, 01 Oct 2013
Dell logo in crosshairs

Icahn scratching head over BEEELLLIONS needed for Dell deal

Carl Icahn could be ready to walk away from the Dell rescue deal after reports suggested he's finding stumping up the cash for the refinancing plan a little more difficult than he'd hoped. Sources told CNBC and the New York Post that Icahn is having second thoughts about the billions needed to finance the offer for Dell put …

Peak Apple? HOGWASH! Apple is 'extremely undervalued,' says Icahn

Ever one to keep multiple irons in the fire, corporate raider activist investor Carl Icahn has announced via Twitter that he has taken a major position in Apple, a stock he says he considers "extremely undervalued." Bloomberg reports that the billionaire's share of the fruity firm amounts to more than $1bn, which sources claim …
Neil McAllister, 14 Aug 2013

Dell committee to Icahn: Show us the money

Dell's special committee has asked Carl Icahn and his investment partner Southeastern Asset Management for a bit more info on their plan to thwart Mike Dell's bid to take the firm private, while Icahn suggests himself for the board. The committee, set up to look into Mike Dell's offer to take his company private for $24.4bn with …
Dell logo in crosshairs

Michael Dell accuses Icahn of using court as takeover tool

Michael Dell has accused Carl Icahn of filing "undefined" legal action solely as a tool to help him take over Dell, and said the investor was "grandstanding" in a bid to stop the company from going private. In a court filing, Michael Dell said the action was "just another soapbox for Mr. Icahn's public spat," and a tactic …
Iain Thomson, 08 Aug 2013
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Icahn sues Dell's board over Big Mike's buyout bid

Activist investor Carl Icahn and his affiliates have filed a legal complaint against Dell and its board members in his latest attempt to thwart Big Mike's efforts to regain control of the PC behemoth. Icahn filed in Delaware's Court of Chancery on a number of counts. One of these is a request for the court to to stop Michael …
Dell logo in crosshairs

Wannabe Dell owner Icahn's buyout blueprint blasted by board bods

Dell's special task force - set up to oversee the sale of the tech titan to private hands - has claimed wannabe owner Carl Icahn still hasn't shown them the colour of his money. The team said there had been "no financing nor any commitment" from the activist shareholder and his pals to buy the PC and server giant outright. This …
Paul Kunert, 20 Jun 2013
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Court hearing on Icahn's Dell buyout block set for Friday

Carl Icahn's attempt to get the courts to intervene speedily in Michael Dell's bid to take the firm private has been delayed until Friday. The Delaware Court of Chancery has scheduled a conference for Friday on Icahn's request for an expedited hearing in the case. The activist investor wants the court to stop Dell from changing …
Dell logo in crosshairs

Icahn suggests pumping Mikey Dell for dollars hard over a court bench

Activist investor Carl Icahn has urged his fellow Dell shareholders to join him in trying to get a higher price for their stockholdings in court. Icahn has written a letter to investors telling them they should reject the $24.4bn buyout offer to take the firm private lodged by company founder Mike Dell and Silver Lake Partners, …
Dell logo in crosshairs

Icahn offers to sweeten his Dell deal with warrants

If either Michael Dell or Carl Icahn wanted to win a deal to take control of Dell, the company, all they would have to do is pony up some of their own cash hoards and that would be that. But this is business, and the last thing in the world you do is spend your own money. In the latest move, corporate raider Icahn is sweetening …
Dell logo in crosshairs

Icahn doubles down on Dell offer with $14 per share buyback scheme

With exactly a month to go before the special meeting of Dell shareholders that could decide the company's fate, investor Carl Icahn has increased the pressure for a better deal for shareholders – chiefly himself. In an open letter to Dell shareholders, Icahn said that he has now purchased 72 million shares of Dell stock from …
Iain Thomson, 19 Jun 2013
Dell logo in crosshairs

Investor Icahn needs a loan of $7bn to tick off Mike Dell

Activist investor Carl Icahn will need as much as $7bn to carry off his plan to pull Dell out from under Mike Dell's nose, banking sources have said. The shareholder and his partner Southeastern Asset Management (SAM) have started talks with banks and financial firms to get bridge loans of up to $7bn for their plan to plough …
Dell logo in crosshairs

ICAHN'T with this guy: Activist investor gives up battle with Big Mike

Activist investor Carl Icahn has announced that he and his partner Southeastern Asset Management are giving up the fight to stop Michael Dell from taking the PC maker private. Icahn said in an open letter to shareholders that he still thought that Big Mike's $13.88 per share offer for the firm undervalued it, but had decided …
Dell logo in crosshairs

Icahn lines up prodigious Dell deal dough

Carl Icahn, the activist investor* who has been providing the only alternative to Michael Dell's plan to take the IT company that bears his name private, has finally lined up the financing that he says will be necessary to acquire Dell at a higher price than Dell, the man, is offering. In a letter to Dell shareholders and the …
Dell chairman and CEO, Michael Dell

Dell warns stockholders that Icahn's plan would 'hamstring' company

The battle for control of Dell between the company's eponymous founder and investor Carl Icahn is in its endgame, with both sides making last-ditch attempts to win over stockholders for Thursday's vote on Michael Dell's plans to take the firm private again. That's if the vote happens, of course. Several media outlets have …
Iain Thomson, 17 Jul 2013
Dell logo in crosshairs

Icahn and Southeastern try to hamstring Mike Dell's buyout bid

Investor Carl Icahn and fund Southeastern Asset Management have proposed an alternative to the Mike Dell-led buyout of Dell. In a letter to the PC firm's board, Icahn and Southeastern said they reckoned Dell shareholders should get the option to hang onto holding stock in Dell and take an additional $12 in shares or cash. The …
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Dell takeover latest: Icahn tells Big Mike where to stick his rule rewrite

Michael Dell and Silver Lake Partners, who want to take sole control of IT giant Dell, are willing to offer their fellow stockholders $13.75 for each share - but only if the rules on voting on the deal are changed. Unsurprisingly, top-gun investor Carl Icahn, who has a $14-per-share deal on the table, has now urged the Dell …
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Report: Icahn spoiling for a proxy fight with Dell over buyout deal

Activist investor (we hesitate to use the term vulture capitalist because it gives vultures a bad name) Carl Icahn has said that Michael Dell and the consortium of partners he has put together to take his eponymous company private for $24.4bn is not paying enough for the company. According to reports, Icahn is now getting ready …
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Dell buy: Icahn puts more cash on table than Blackstone or Mike D

As El Reg expected, the deals offered separately by private equity firms Blackstone Group and Icahn Enterprises to take over IT giant Dell are not as generous as some have been arguing the company is worth. And, ironically, the company backed by activist investor Carl Icahn is offering considerably less than Icahn himself had …
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Icahn, SAM to give MickeyD the boot if they take over Dell

Michael Dell wants to take his company the company that bears his name private, but he might be polishing up his resume instead in a few months. Activist investor Carl Icahn and Southeastern Asset Management made it clear last Friday that they were not happy with the proposed $24.4bn takeover of Dell by the company's founder, …
Dell logo in crosshairs

Dell ready to pay Icahn $25m to behave himself during buyout deal

The board of directors at Dell are so eager to look like they are doing their jobs selling off the company to the highest bidder that they are willing to spend tens of millions of dollars to cover the expenses for due diligence that three different groups – one led by company founder Michael Dell, and others lead by Blackstone …

Bolshy investor takes another bite of Apple, ups stake to $4.4 BEEELLLION

Carl Icahn has now slurped more than 7.5 million Apple shares, raising his stake in the fruity firm to a whopping $4.4bn. According to a recent Securities and Exchange Commission filing, Carl the Conqueror bought 2.8 million shares worth almost $1.65bn during March. Apple stock is now worth $588.82. Big Carl is referred to as …
Jasper Hamill, 16 May 2014
Dell logo in crosshairs

Icahn and Blackstone to take separate runs at Dell

Those who wonder just how much Michael Dell wants to take control of the struggling IT giant that bears his name don't have long to wait. Private equity firm Blackstone Group and activist investor Carl Icahn are both reported to have tossed in bids to take control of Dell, the company, before the "go-shop" period of the …
The Register breaking news

Carl! Icahn! quits! Yahoo!

Carl Icahn has resigned from Yahoo's board of directors after a stint that saw him fail to flog the company to Microsoft and the web firm's shareprice continue to slide. The troublemaking investor said there was no longer any need for Yahoo! to have an activist director on the board. He said he was focussed on other matters so …
John Oates, 26 Oct 2009

Is 'activestor' Icahn circling sickly HP?

Active investor Carl Icahn – who has done more than his fair share of shaking up companies that he believes are not run properly – is rumored to be mulling a stake in HP. Hopefully not through its heart. Icahn may or may not be interested in grabbing a big piece of the venerable IT gear maker, and if he were, he certainly would …

Speaking in Tech: Really... $19bn. For WhatsApp?

speaking_in_tech Greg Knieriemen podcast enterprise Hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. This week, Greg, Eddie and Sarah are all together and chew the fat about Mobile World Congress, Carl Icahn's effect on business and THAT Facebook post which cost a family $80,000. Next week's episode will be recorded as …
Team Register, 05 Mar 2014
Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini

Big Mike heading for victory as SAM dumps HALF its Dell shares

One of Dell’s biggest shareholders has dumped almost half its holdings in Big Mike’s computer outfit. Southeastern Asset Management is reported to have sold 41 per cent of its Dell stock, reducing the value of its holdings to $949m. Southeastern had held 8.4 per cent of Dell, making it the biggest stockholder apart from Michael …
Gavin Clarke, 14 Aug 2013
Dell logo in crosshairs

Big Mike's big package oughta be enough for Dell investors - report

Tech tycoon Michael Dell and private equity partner Silver Lake won't sweeten their $24.4bn offer to take PC maker Dell private, whisper industry insiders. Those sources, who apparently have direct knowledge of the situation, let Bloomberg know that Big Mike and Silver Lake aren't going to up their bid - and that's because the …
Apple iPod Touch 5G

Apple declares war on PAYPAL: Pay-by-bonk + iTunes = profit, right?

Apple is planning to take on Paypal with its own mobile payment system, it has been claimed. According to a report in the Wall Street Journal, Eddy Cue, the man in charge of iTunes and the App Store, has been meeting with industry bigwigs to discuss using iDevices to handle payments for goods or service. It is understood that …
Jasper Hamill, 27 Jan 2014
Dell logo in crosshairs

Dell shareholders head in for second vote on Big Mike's plan

Dell shareholders are set to meet in Texas again today to see whether they can agree to go with Big Mike's plan to take the firm private or prefer to wait for a better offer. Investors are still pretty dubious about their founder's $24.4bn buyout offer for the firm, sources whispered to Reuters, with many feeling that the $13.65 …

Shareholders' advisors back Big Mike's deal to take Dell private

Dell continues to insist that founder Big Mike's offer to take the firm private is what's best for it, announcing today that proxy advisory firms Institutional Shareholder Services (ISS), Glass Lewis and Egan Jones are all recommending it. “We are pleased that all three of the nation’s leading proxy advisory firms have …

Show us the money: Big Mike told to up his game if he wants Dell

Big Mike has been advised to up his offer for Dell after activist investor Carl Icahn finally managed to scrape together the cash to back his refinancing proposal. The eponymous chief was sitting pretty a short time ago when it was rumoured that Icahn was having trouble raising the $5.2bn in funding needed to revamp the firm and …