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CNBC's Scott Wapner: Carl Icahn denies building stake in Time Warner, blames 'speculators' for rumor

http://www.cnbc.com/2016/01/11/carl-icahn-denies-building-stake-in-time-warner-blames-speculators-for-rumour.html

Scott Wapner | @ScottWapnercnbc
CNBC.com

Activist investor Carl Icahn has denied media reports Monday evening that he was building a large stake in media company Time Warner.

Icahn told CNBC, "I don't own one share of Time Warner and it annoys me that certain speculators use my name to make profits at the expense of other shareholders."

Speculation has been rampant for weeks that an activist investor, perhaps even Icahn himself, was building a stake in the company.

If true, it wouldn't have been the first time the billionaire set his sights on the media giant. In 2006, Icahn took a stake and urged Time Warner to split up, a fight he would end losing.

But at least to this point, it appears Icahn is not reloading for another boardroom battle.

A spokesman for Time Warner declined to comment on the reports.

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