Latest in Carl Icahn

Longtime corporate raider Carl Icahn, who famously tried to break up Time Warner in 2006 and takeover Lionsgate in 2010, announced a succession plan Thursday where his son Brett to succeed him as CEO of the family's investment business — in seven years. During that time, the younger Icahn will join the board, manage a…

Carl Icahn, the subject of countless name-checks by Donald Trump during the 2016 campaign, today joined a host of other business leaders who are jumping off of the MAGA train. The billionaire investor and veteran pot stirrer sent POTUS a letter saying he is leaving his unofficial presidential advisory post because he…

How long will Wall Street’s love affair with Netflix continue? There are mixed signals today following the streaming video company’s announcement of its 7-for-1 stock split. Shares rose 3.7% in early trading to an all-time high of $706.24. The stock split announced last night is designed to make the shares more…

The billionaire investor's love of the Matt Weiner-created drama saved Kevin Beggs’ bacon and earned him the temporary enmity of his fellow executives, the Lionsgate TV Group chairman told UCLA grads today in an anecdote-rich commencement speech. "After grilling the film executives, Mr. Icahn set his sights on me,"…

Apple is tight-lipped about whether, let alone how, it might sell TV sets and an online video service that would compete with cable and satellite. But Carl Icahn still has high hopes for the businesses — as well a potential Apple entree into auto sales — he says today in an open letter to CEO Tim Cook that gave a…

Billionaire shareholder activist Carl Icahn withdrew his proxy battle at Gannett and agreed to restrictions on his stock purchases after the company accepted several governance policies he supported, both sides announced this morning. The pact applies to the publishing company — which includes USA Today — that the…

This is the kind of move that everyone’s been expecting activist investor Carl Icahn to make since August, when he bought a 6.6% stake in the TV, newspaper, and digital power — now in the process of creating separate companies for its TV and newspaper properties. He told Gannett, in a letter sent yesterday and…

Shares are up 4.9% in postmarket trading after Carl Icahn disclosed that he recently bought a 6.6% stake in the TV, newspaper, and digital power. He made the investment after concluded that the stock was “undervalued and that value could be created by splitting the Issuer into separate print and broadcast companies,&#8221…

The bulldog investor has had plenty to say lately about the online auction site’s management. And he continued to vent in a post on his Shareholders’ Square Table site today. But while he was at it, Carl Icahn landed a broadside against Lionsgate, the mini-major that thwarted Icahn’s takeover attempt awhile back…

Regulators said that Lionsgate failed in 2010 to properly disclose that a financing move it said would reduce debt was actually designed to help thwart activist investor Carl Icahn‘s takeover attempt. The company agreed to pay a $7.5M penalty which it says in a filing it already accounted for in Q3 as a charge to…

The activist investor declared victory today as he abandoned his campaign for a shareholder resolution that appeared headed for defeat. His proposal calling for a larger stock buyback — he put $50B as a good target for 2014 — isn’t necessary following “recent actions taken by the company to aggressively repurchase…

In this week's podcast, Deadline’s executive editor David Lieberman and host David Bloom talk about pay-TV services from Amazon and Verizon; a chat with the CEO of MLB Advanced Media, which is also providing the backbone for the online subscription operations of WWE and Sony; the doubtful bears wondering how long Netfl…