Thursday, November 1, 2012

Reuters: Regulatory News: UPDATE 1-Netflix tells Icahn its open to his input

Reuters: Regulatory News
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UPDATE 1-Netflix tells Icahn its open to his input
Nov 1st 2012, 17:02

Thu Nov 1, 2012 1:02pm EDT

LOS ANGELES Nov 1 (Reuters) - Netflix Inc responded on Thursday to billionaire Carl Icahn's investment in the company, saying it was open to input from all shareholders.

"We have many shareholders, now including Mr. Icahn, and we're always open to their perspective on how to build on our success," a Netflix statement said.

Icahn disclosed in a regulatory filing on Wednesday that he had bought shares and call options that gave him a 10 percent stake in the video rental company.

The activist investor, known for shaking up management, told Reuters on Wednesday he felt Netflix was undervalued and would make "a great acquisition for a number of companies."

Netflix shares, which jumped 14 percent on Wednesday after Icahn's stake was disclosed, were about flat on Thursday at $79.22 on Nasdaq.

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