• Your favorite

    Apple

    ,

    iPhone

    ,

    iPad

    ,

    iOS

    ,
    Jailbreak
    , and
    Cydia
    site.
  • Icahn Not Lobbying Apple on Nuance Acquisition


    If Carl Icahn is in the news these days, there's a good chance Apple is right there with him. Such is the case once again on Tuesday.

    Icahn, a wealthy business mogul and prominent Apple shareholder, reveals in a new interview that there's no truth to suggestions that he wants Apple to buy Nuance, another company of which he owns a substantial number of shares.

    Nuance Communications Inc., of course, is the maker of the software that runs Siri.

    "That is something I would never micromanage and never even think of telling Tim Cook," Icahn said. "It has zero to do with the fact that I'm involved with Apple... I don't have the expertise or the presumption to say I have the expertise to tell him to do that."

    Icahn, however, admits to still putting pressure on Cook to move forward with a $150 billion buy-back.

    Icahn's stake in Apple now stands at 4.7 million shares.

    Source: Reuters
    This article was originally published in forum thread: Icahn Not Lobbying Apple on Nuance Acquisition started by Michael Essany View original post
    Comments 3 Comments
    1. Carvensno's Avatar
      Carvensno -
      Only a idiot would use the companies whole nest egg of cash to do a buy back in stock. Especially to please one individual that's going to then turn around and sell.
    1. *T*'s Avatar
      *T* -
      Quote Originally Posted by Carvensno View Post
      Only a idiot would use the companies whole nest egg of cash to do a buy back in stock. Especially to please one individual that's going to then turn around and sell.
      Just keep telling yourself you know jack about business.
    1. politicalslug's Avatar
      politicalslug -
      The government would never approve the sale of Nuance to Apple. It would severely compromised competition in the dictation and natural language space. The only thing such a potential deal would accomplish is a charge to Apple for the deal not getting approved. Basically, Apple would pay new wants some exorbitant amount of money because the merger doesn't get approved. Icahn is an idiot for thinking the feds would allow such a deal in the first place.