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Technology Stocks : What about old Time Warner
TWX 98.770.0%Jun 15 5:00 PM EST

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To: sixty2nds who wrote (86)2/1/2006 10:21:56 AM
From: sixty2nds  Read Replies (1) of 102
 
03:56 TWX Icahn may have another ally in dispute with Time Warner - WSJ (17.53 )

The Wall Street Journal reports Carl Icahn may have a new partner in his battle for control at Time Warner (TWX) -- Istithmar PJSC, an investment firm backed by the government of Dubai. Istithmar announced yesterday it plans to acquire an economic interest in Time Warner shares and that it intended to engage Mr. Icahn as an adviser. Istithmar, which couldn't be reached for comment beyond its news release, will acquire the interest through a derivative, but it didn't give details. Istithmar also didn't say how much it planned to invest.
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