With Icahn, Netflix management is in fight for existence

Doomed. The Blockbuster video chain was on the road to a comeback when Carl Icahn replaced the CEO with a man who bet on brick and mortar instead of digital. Blockbuster filed for bankruptcy in 2010.
(Credit: Greg Sandoval/CNET)
Netflix management faces perhaps the biggest threat to its existence in the form of Carl Icahn, the famed corporate raider.
Icahn acquired a little under 10 percent of Netflix’s shares last week and made noise about how sees a way to profit from the potential sale of the Web’s top video rental service — a company that has struggled mightily in the past 15 months…

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