Deals
Billionaire Carl Icahn Gets 2 Cloudera Board Seats in Settlement
- Investor agrees to support all company directors in 2020
- Icahn holds just more than 18% stake in software company
Photographer: Victor J. Blue/Bloomberg
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Carl Icahn has reached an agreement with Cloudera Inc. that will see the activist investor awarded two seats on the technology company’s board.
The billionaire disclosed his position in the enterprise cloud-software company earlier this month, arguing it was undervalued. Icahn has been building his position since and held roughly 18.4% of the company as of last week, according to a regulatory filing.