Icahn pushes for Time Warner break-up

Carl Icahn, the US corporate activist turned hedge fund manager, has started pushing for a break-up of Time Warner, the $87bn (€70bn) US media conglomerate.

Icahn, who runs a $2bn hedge fund which has built a 1% stake in the company, has been approaching other shareholders about pushing the board to spin off Time Warner Cable and possibly other divisions, The Wall Street Journal reports.

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