NEW YORK ( TheStreet) -- Billionaire activist investor Carl Icahn has acquired a 10% stake in Netflix (NFLX - Get Report), saying publicly that he views the popular online video site as a takeover target for larger media, tech and telecommunications giants.Shareholders are typically paid a hefty premium over the market price of their stock when their company is acquired, and Icahn is a brilliant investor. He knows the video entertainment business well, and he has numerous facts to back him up on this one. But I doubt he'll be received well by Netflix founder and CEO Reed Hastings.
Netflix CEO Won't Buy What Icahn Is Selling
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts