Apple shares finally hit $500 for the first time since since January following news that billionaire Carl Icahn invested in the company.
Icahn’s attempted Dell takeover isn’t the only tech stock on his plate. Now the billionaire is cozying up to Apple, as well.
Editor’s Pick Dell’s largest shareholders are still not convinced they should accept the buyout offer. But the stalled privatization plan is the least of Dell’s troubles.
For some time now, Dell founder and CEO Michael Dell (pictured above) has sought to take his company private in a huge $24.4 billion deal. But Blackstone and investor Carl Icahn opposed the deal, saying it undervalued the company, and were preparing to counter it.
Putting your company into play has its perils.
American business magnate Carl Icahn has signed a confidentiality agreement to review Dell’s books and further evaluate the bid for a $24 billion leveraged buyout to take the company private.
Remember what Michael Dell said when he was asked back in 1997 — when Steve Jobs returned to Apple — what he’d do if he were Jobs?
“I’d shut it down and give the money back to the shareholders.”
Netflix issued a new “rights plan” that protects the company’s board of directors from outside investors buying up a huge stake in the company and demanding influence that isn’t in the best interest of Netflix.
Billionaire financier Carl Icahn has set his sights on streaming video giant Netflix, taking a 10 percent stake in the company, according to an SEC document filed today.