Time Warner remains whole after all
U.S. investor Carl Icahn has backed away from his demand to split Time Warner into four independent corporations.
US investor Carl Icahn has backed down from his demand to split Time Warner into four independent stock corporations. As the New York Times reported in its online edition, he is instead demanding that CEO Richard D. Parsons increase the planned buyback of Time Warner shares and promise higher cost reductions. Icahn's spin-off plans had not been well received by investors.
