Billionaire Icahn builds large Apple stake

Billionaire investor Carl Icahn said he has built up a stake in Apple, ramping up the pressure from activist shareholders who want to wring changes out of the world’s most valuable technology company.

14th August, 2013
Carl Icahn.

Billionaire investor Carl Icahn said he has built up a stake in Apple, ramping up the pressure from activist shareholders who want to wring changes out of the world’s most valuable technology company.

“We currently have a large position in Apple. We believe the company to be extremely undervalued,” Icahn wrote in a posting on Twitter. He added that he spoke to Apple chief executive Tim Cook today and discussed his view that...

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