Carl Icahn has $2bn stake in Apple

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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

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