Why Activist Investor Carl Icahn Dumped His Last Netflix Shares
Why Activist Investor Carl Icahn Dumped His Last Netflix Shares
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Billionaire activist investor Carl Icahn speaks during a Bloomberg Television interview at the Robin Hood Investors Conference in New York, U.S., on Tuesday, Oct. 21, 2014.Bloomberg—Bloomberg via Getty Images
Carl Icahn announced on his Twitter Wednesday that he’s sold his last Netflix shares.
Icahn Enterprises, which owned about 1.4 million Netflix shares at the end of 2015’s first quarter, made the move after Netflix announced approval of a 7-for-1 stock split, according to CNBC.
Per the publication:
The split will come in the form of a dividend of six additional shares for each outstanding share, Netflix said. It is payable on July 14 to stock owners of record at the July 2 close. Trading at the post-split price will start July 15.
CNBC reported, too, that Netflix stocks dipped slightly after Icahn’s message on the social media service.
Here’s Icahn’s Twitter message announcing the decision:
Sold last of our $NFLX today. Believe $AAPL currently represents same opportunity we stated NFLX offered several years ago.
Netflix has expanded in recent years becoming not only a streaming service for television and film, but also a developer of new movies and TV shows.
22 Movies That Are Being Turned Into TV Shows
Minority Report (Fox)
The rebooted version of the Tom Cruise sci-fi flick will be set 10 years after the Precrime division has been dismantled and will focus on a female detective.
20th Century FoxBig (Fox)
The TV show version of Big, from the creators of Enlisted, will be a limited series that delves into "what it means to be an adult and what it means to be a kid, and how in today's world those two things are more confused than ever."20th Century FoxHitch (Fox)
Will Smith, who starred as a love doctor in the movie version of Hitch, and his wife Jada Pinkett Smith will produce this workplace comedy about dating politics.ColumbiaScream (MTV)
This 90s horror classic is getting a modern update: It will follow a spate of killings kicked off by a viral YouTube video. But if the TV version is anything like the movie, no actor on the show should make long-term plans.
Dimension FilmsMarley & Me (NBC)
Though the Marley & Me movie may have been a tear-jerker, the proposed TV show will be a comedy. Picking up where the film left off, John, Jenny and their three children will be forced to adopt a new stray puppy — whom they name Marley, of course.20th Century FoxBachelor Party (ABC)
The writers have said the TV show, "loosely based" on the 1984 Tom Hanks movie about bachelor party debauchery, will be an anthology series in which each season focuses on a different wedding party and examines the relationships of various couples.20th Century FoxIn Good Company (CBS)In Good Company focuses on a middle-aged executive who must contend with a new boss who is both half his age and dating his daughter. Paul Weitz, who wrote the 2004 film, is onboard to write and executive produce the show.UniversalMonster-in-Law (Fox)
The 2005 comedy starring Jennifer Lopez and Jane Fonda will follow a happily married woman who must contend with her mother-in-law while preparing to welcome a baby.New Line CinemaThe Devil's Advocate (NBC)
The series, like the Keanu Reeves and Al Pacino film, will center on a public defender who joins a law firm that is run by the devil.Warner Bros.Limitless (CBS)
Bradley Cooper, who starred in the action film, will executive produce the Limitless TV series about a writer who is able to access 100% of his brain on a mysterious drug called NZT.Relativity MediaReal Genius (NBC)
A present-day reboot of the cult Val Kilmer film, Real Genius will be a workplace comedy about the relationship between a physics legend and his naive coworker.TriStarRush Hour (CBS)
The TV show version of Rush Hour will again pair up a play-by-the-rules Hong Kong police officer and a rebellious black Los Angeles cop in a procedural-type show.New Line CinemaThe Illusionist (CW)
The Edward Norton film may have been set in 1889 Vienna, but the TV adaptation will take place in turn-of-the-century New York. It will follow a famous illusionist who returns home from prison to find his wife married to the mob boss who framed him for a crime.Yari Film GroupUncle Buck (ABC)
Like the 1980s John Hughes movie starring John Candy, Uncle Buck in its TV show form will focus on a man who must learn to grow up by taking care of his brother's kids.
Universal12 Monkeys (SyFy)
Set to premiere January 19, the series features a man sent back from the future to prevent a plague that will destroy mankind.UniversalThe Odd Couple (CBS)
Matthew Perry and Thomas Lennon star in this remake of the classic Neil Simon play/film/show about a two recently divorced men and roommates — one messy and one a neat freak.ParamountSchool of Rock (Nickelodeon)
Set to air on Nickelodeon, School of Rock will follow a down-on-his-luck musician who pretends to be a substitute teacher at a prep school.ParamountShooter (TNT)
Mark Wahlberg, who starred in the conspiracy thriller film, will produce the TV adaptation about a sharpshooter who is framed for murder.ParamountAshecliffe, a prequel to Shutter Island (HBO)
Dennis Lehane, author of the novel Shutter Island upon which the Martin Scorsese film is based, will pen a prequel called Ashecliffe that would explore the eerie hospital's past before Leonardo DiCaprio's character in the film ever visited. Scorcese is reportedly in talks to direct the pilot.ParamountThe Truman Show (Paramount)
Paramount Pictures has begun to develop a Truman Show TV series about a man unknowingly living in a semi-scripted reality show — a concept that's become all-the-more relevant in the age of hacks, shrinking privacy, over-sharing and social media.Paramount
