Carl Icahn has increased his stake in Lionsgate from 4% to 9.17%, Deadline Hollywood Daily reports. Icahn is infamous for his approach to “destabilize management when a stock is underperforming,” such as his attempts at corporate shakeup with Time Warner, the site says. Despite some notable recent success, Lionsgate stock values hit a 52-week low in during the recent national economic turmoil.
—Sergio Ibarra