Icahn Can't


Corporate raider Carl Icahn, who rarely backs off from a fight, appears to be doing so in his effort to gain control of Time Warner. Published reports said today (Friday) that Icahn and top officials of Time Warner have met and that a settlement is likely to be reached that will put one or more Icahn supporters on the Time Warner board. Other reports speculated that Time Warner may have also agreed to more aggressively slash costs by about $1 billion and to buy back additional shares, as Icahn had demanded. But the primary reason that Icahn is abandoning his fight, analysts suggest, is that he simply hasn't found sufficient backing among Time Warner shareholders for his plan to break up the company into four distinct units.




17/02/2006


Contactmusic

Tags:


Editors Recommendations

Things Just Got Serious: Amazon Instant Video Lands The Sopranos, The Wire

Anyone excited enough by the fact Amazon have acquired HBO shows to add...

Things Just Got Serious: Amazon Instant Video Lands The Sopranos, The Wire

Quentin Tarantino's Hateful Eight Lawsuit is Thrown Out, But Invites Appeal

Quentin Tarantino has seen his lawsuit against Gawker for putting a copy of his...

Quentin Tarantino's Hateful Eight Lawsuit is Thrown Out, But Invites Appeal

Led Zeppelin Release Unheard Music, Say Reunion Chances are "Zero"

Led Zeppelin have unveiled two previously unheard recordings, including an early version...

Led Zeppelin Release Unheard Music, Say Reunion Chances are

'Burning Blue': Forbidden Love Attempts to Flourish Under DADT [Trailer + Pictures]

Don’t Ask Don’t Tell was the official United States policy surrounding gay and lesbian...

'Burning Blue': Forbidden Love Attempts to Flourish Under DADT [Trailer + Pictures]

Justin Bieber Poses Next To Shrine Honouring Japan's War Criminals

Justin Bieber has apologised after posing next to the controversial Yasukuni...

Justin Bieber Poses Next To Shrine Honouring Japan's War Criminals

Laura Prepon Dating Tom Cruise? Actress Sets The Record Straight

Laura Prepon has moved to dismiss the rumors that she is dating fellow actor...

Laura Prepon Dating Tom Cruise? Actress Sets The Record Straight

Hank Cochran Gets Posthumous Induction into Country Hall of Fame

The late Hank Cochran will posthumously receive country music's highest honor...

Hank Cochran Gets Posthumous Induction into Country Hall of Fame

Lily Allen Unleashes "Sheezus" Music Video, And A Wave Of Confusion On The World

Lily Allen really wants you to know she’s over pop culture – or some parts of it anyway...

Lily Allen Unleashes

President Barack Obama And Wife Michelle Honor Late DJ Frankie Knuckles In Open letter

President Barack Obama and his wife, Michelle, have paid tribute to the late Chicago DJ...

President Barack Obama And Wife Michelle Honor Late DJ Frankie Knuckles In Open letter


More recommendations

Comments

Newsletter

Subscribe to this news alert service to receive news and reviews on

Unsubscribe | Unsubscribe All