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Netflix vs Blockbuster Revisited - Sudden Death | 1
Business Wars
Icahn's Opening Salvo
Icahn bought $150 million worth of blockbuster stock and $60 million in Hollywood video shares. The 69-year-old Queens native had made his name as a cutthroat corporate raider in the 1980s alongside corporate insider trading fellans Michael Milken and Ivan Bostke. He planned to quickly profit on both ends of the deal. Blockbuster stock would bump up in value just because Icahn was on the scene, agitating management to squeeze more money out of the deal for investors.
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