icahn

Billionaire activist investor Carl Icahn thinks Motorola Mobility should sell its valuable patent portfolio.

Icahn disclosed in a filing with the Securities and Exchange Commission today that he believes Motorola's patent portfolio has significant value. He said the company should start looking at ways to realize that value given the heightened demand for such intellectual property in the industry, which is Wall Street-speak for potentially selling the patent portfolio.

Motorola issued a statement saying it continuously reviews the company's strategic direction and opportunities, but added that its recent progress has been made partly on the strength of those … Read more

Carl Icahn has bumped up his share of Motorola to around 10.4 percent, according to a filing with the Securities and Exchange Commission.

The SEC filing shows that the billionaire investor spent a total of $86.2 million to scoop up 11.5 million additional shares of Motorola on Wednesday and Thursday. This latest purchase comes on top of other recent moves by Icahn to grab more stock in the company. In May, Icahn upped his ownership of Motorola to 8.8 percent, and then in early August, raised it still further to 9.99 percent.

The increased buying … Read more

At least one notable investor is expecting a windfall after Motorola splits the company into two next year.

Since the start of 2010, billionaire investor Carl Icahn has boosted his stake in Motorola to 203.3 million shares, or around 8.8 percent of outstanding shares, from 119.8 million at the end of 2009, according to an SEC filing.

A person familiar with the matter told The Wall Street Journal (subscription required) that Icahn believes his investment will jump next year after Motorola splits itself into two separate companies. "He perceives there is value to be unlocked," … Read more

One of the Yahoo board members who accompanied Carl Icahn into the boardroom does not plan to run for re-election, Yahoo announced Tuesday.

John Chapple, whose day job is managing equity investment firm Hawkeye Investments, will not serve another term on Yahoo's board.

It's not clear whether anyone will be nominated at Yahoo's June annual meeting to take his place and keep the number of directors on Yahoo's board at 11.

Chapple came into Yahoo during tumultuous times, joining in August 2008 along with Icahn and current Yahoo board member Frank Biondi to protest the company'… Read more

Carl Icahn has substantially cut his stake in Yahoo, according to regulatory filings made public Friday.

The billionaire investor had just under 12 million shares of Yahoo at the end of 2009, according to the new filing with the Securities and Exchange Commission. That compares with more 60 million shares he held last summer.

Two years ago when Microsoft was attempting an acquisition of Yahoo, Icahn amassed a huge stake in the Internet pioneer. When Yahoo turned down Microsoft's offer, Icahn started a proxy fight and sought to oust Yahoo's board in order to influence the deal. In … Read more

Carl Icahn, who launched a shareholder insurrection at Yahoo last year over its handling of a takeover offer from Microsoft, is leaving Yahoo's board of directors.

MarketWatch reported Friday that Icahn has informed the company he's moving on to other interests. It's been a over a year since he forced his way onto the board after expressing his displeasure at Yahoo's rejection of Microsoft's offer to acquire the company, which at one point was valued at $33 a share. Yahoo's stock closed at $17.22 on Friday.

Yahoo confirmed Icahn's departure, and said … Read more

As finalization of a Microsoft-Yahoo search deal reportedly nears, activist investor Carl Icahn--who played a key role in trying to broker a broader partnership between the companies last year--is speaking out in favor of such an agreement.

"I've been a strong advocate of getting a search deal done with Microsoft," Icahn, who owns about 5 percent of Yahoo and sits on its board, told Reuters in a phone interview Friday. "It would enhance value if a deal got done, because of the synergies involved."

According to an All Things Digital report late Thursday, several top … Read more

Yahoo shareholder and director Carl Icahn went shopping for a pre-Thanksgiving deal, when he snapped up an additional slug of Yahoo stock, according to a Securities and Exchange Commission filing.

But as easy as it was to scoop up nearly 7 million additional shares, Icahn noted in his SEC filing there is nothing in his post proxy-fight settlement with the company that prevents him from dumping his position or hedging his bets.

The Reporting Persons acquired the Shares referenced in Item 5(c) below from November 24, 2008 through November 26, 2008, because they believed that the shares were undervalued. … Read more

Billionaire investor-activist Carl Icahn opposes selling just a portion of Yahoo, telling CNBC on Wednesday that he believes the company's stock in undervalued.

"I don't think there is very much to having a partial bid for the company, at least as a large shareholder," Icahn said.

Icahn, who is on Yahoo's board of directors, made the statement while addressing rumors that former AOL Chief Executive Jonathan Miller is trying to raise money to acquire all or a part of the Internet pioneer. Miller reportedly believes he can do a deal worth about $20 to $22 … Read more