Icahn has new strategy for Time Warner
Carl Icahn isn't finished with Time Warner yet. He controls about 1.5 percent of the company, but that seems like it will only increase. In fact, he's starting a special fund to do one thing: invest in Time Warner. He writes: "Time Warner's stock has proven frustrating, but we continue to hold the stock and feel, as strongly as ever, that a significant gap exists between Time Warner's intrinsic asset value and its share price." Being who he is, it's unlikely that he'll choose to be passive. Things could get interesting.
- Here's the New York Times article
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