Carl Icahn has $2bn stake in Apple

By on
Carl Icahn has $2bn stake in Apple

Activist billionaire investor Carl Icahn said Tuesday on CNBC that his firm has $2 billion (A$2.1 billion) invested in shares of technology giant Apple.

Shares of Apple rose over 2 percent on Tuesday on news that Icahn had dinner with Apple chief executive Tim Cook on Monday and "pushed hard" for a buyback.

"Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in about three weeks," Icahn tweeted on Tuesday.

In August, Icahn told Reuters that "Apple has the ability to do a $150 billion (A$160 billion) buyback now by borrowing funds at 3 percent.

Icahn said on CNBC that Apple's chief financial officer was also in attendance at the dinner with Cook on Monday.

This article originally appeared on Reuters

Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

You must be a registered member of CRN to post a comment.
| Register

Poll

Will Coronavirus impact the channel?
Yes - By making it harder to order hardware
Yes - Cancelled conferences and business trips will be widespread
Not directly - It will slow the economy and that may have an impact
No - We can't see any impact
Not negatively - It's already created demand for things like remote access
View poll archive

Log In

Username / Email:
Password:
  |  Forgot your password?