MOST POPULAR

News

Icahn blasts Netflix takeover block as “reprehensible”

Just days after Netflix adopted a stockholder rights plan designed to prevent certain parties from launching a hostile takeover bid, billionaire investor Carl Icahn has described the move as a “travesty in corporate governance”.

Icahn – who has been rumoured to be preparing a takeover bid of the video streaming service after purchasing a stake equivalent to just under 10% – told US news channel CNBC that he sees the move as “really reprehensible”.

He added that he has already thought about whether to launch a bid for the company: “The thought has certainly crossed my mind. It certainly is one alternative, but I have to say we haven’t made that decision at this point.”

The investor also commented that he believes Netflix to be undervalued at present, with a “great platform” and 27mn subscribers, but added that it lacks the deep pockets necessary to take full advantage of its position.

Via CNBC

We welcome reader discussion and request that you please comment using an authentic name. Comments will appear on the live site as soon as they are approved by the moderator (within 24 hours). Spam, promotional and derogatory comments will not be approved

Post your comment

Facebook, Instagram and Sky case study: Game of Thrones

BT at IBC: 'unlocking the power of fibre IPTV'

IP&TV News tries out 4G Broadcast at the FA Cup Final

Thomas Riedl: “Google TV has evolved into Android TV”

Tesco and blinkbox: what went wrong?

Reed Hastings and 2030: is he right?

Loading IPTV Tweets ...

INTERVIEWS