The billionaire corporate raider just paid $154.7M for 4,291,066 Netflix shares, he says in an SEC filing. His decision to exercise his call options means he now directly owns 9.98% of the video streaming company — 5,541,066 shares — which is just shy of the 10% amount that could trigger an anti-takeover defense known as a poison pill. The filing says that Icahn paid $323.6M for all of his shares, which comes out to an average of $58.40 a share. Netflix closed today at $81.36, up 17% from the end of last month when Icahn disclosed his interest in the company. Since then Icahn has attacked Netflix’s corporate governance practices and lobbied for it to look for a buyer. CEO Reed Hastings says that his company “can make it in the long term absolutely on our own.”


I do believe ole Reed is worrying about his job right now, if Ichan takes over this company. I’d start updating my resume if I were you, Reed.
If Icahn takes over, everyone in the company will have to update their resume. This is the guy who nearly bankrupted Marvel.
It is time to Boycott Netflix. Let Mr. Ichahn loose money and get that stock below $55… The consumer should make bold stances against moves like these so their plays don’t work out. Boycott Netflix.
As a subscriber I would promptly cancel my account.
No doubt, he’s trying to ruin the company. Charge $20-50 a month or something, or $5 a movie. What a shame.
If Ichan takes over, I’m out!! He is just another billionaire bully who has nothing better to do with his money, and he won’t do anything better for the company, so I will cancel my subscription.
Icahn in. Time to dump the stock while it’s still up a bit. In fact time to sell short. Icahn brings nothing constructive to the table. His only interest is to break up the company, sell it off and take his profit and leave a shambles behind. Icahn represents everything that is wrong with US finance.