Netflix shares up as Icahn invests

Billionaire investor Carl Icahn has bought 10 per cent of Netflix, it was revealed yesterday, raising the possibility that the pioneering video-streaming company would get acquired. Netflix shares rose 14 per cent to close at $79.24 on the Nasdaq after he disclosed the holding. Icahn, known for shaking up management, said Netflix was undervalued and would make “a great acquisition for a number of companies.”