Home Media Magazine reports that Carl Icahn now owns 9.98% of Netflix, just under the 10% that would trigger the new poison pill response.
Activist investor Carl Icahn has exercised his remaining stock options, solidifying a 9.98% stake in Netflix.
New York-based Icahn paid $154.7 million for more than 4.2 million shares, which when coupled with the 1.3 million shares purchased Oct. 31, bring the investor’s total stake to more than 5.5 million shares for $323.6 million. That's $58.4 per share, according to a Nov. 19 regulatory filing.
I never thought Netflix would have Icahn as a part-owner.