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Icahn buys stake in cable giant

In Brief / MEDIA

February 15, 2008|From Times Wire Services

Billionaire Carl Icahn, who pressured Time Warner Inc. to break itself up two years ago, bought 4.7 million shares of the company's cable unit.

The holding in Time Warner Cable Inc., listed in a regulatory filing of Icahn Capital's investments as of Dec. 31, is worth $119 million at Thursday's closing share price. Time Warner Cable is the second-largest U.S. cable TV company.

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