Andreessen: Today's Carl Icahn Would Frown On 2005's Carl Icahn

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Michelle deBoer-Jones
Published on
Updated on

The latest round in the never-ending saga between Carl Icahn and Marc Andreessen has Andreessen again referring to something Icahn did in the past. This time, he’s taking us back to 2005 when Icahn was chairman of XO’s board and owned over 60% of that company. Then XO sold its wired business to Icahn for $700 million. The carrier used most of the money it received from Icahn to pay off debts and buy back preferred stock—both of which were owned Icahn. This latest respond from Andreessen is posted, once again, on his firm’s website. Andreessen accuses Icahn of conflicts…

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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.