Carl Icahn increases Time Warner stake

Steve Rosenbush

Carl Icahn has increased the size of his stake in Time Warner, the media conglomerate that has frustrated him so much. The billionaire shareholder activist tried last winter to break Time Warner into four pieces, but he dropped his campaing in February after management agreed to boost its share buyback program and cut costs.
During the months that followed that truce, Icahn increased his holdings 8% to 49.6 million shares. The filing can be found here. It was reported earlier by CNN Money.

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