Carl Icahn buys 10% stake in Netflix

MUMBAI: Carl Icahn has bought a 10 per cent stake in OTT company Netflix that allows people to watch movies and TV shows.

Icahn and his investment funds have been buying 5.5 million Netflix shares since early September largely through the purchase of call options, which gives him the ability to buy Netflix‘s shares at a later date at a set price.

Netflix said, “We have many shareholders, now including Mr. Icahn and we‘re always open to their perspective on how to build on our success.”

Icahn believes that Netflix in the future might be a good company to acquire.