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Icahn presses Apple for $150 billion buyback

Icahn said Cook couldn't yet provide an answer and needed to first discuss the matter with the Apple board

Activist investor Carl Icahn said he pressed Apple chief executive Tim Cook to more than double the company's stock buyback program to $150 billion during a dinner meeting at his apartment.

Icahn later added in an interview on CNBC Tuesday that he has increased his stake in Apple in recent weeks and now holds about $2 billion in stock, up from an earlier investment reported to be worth about $1.5 billion.

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