Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Icahn reveals stake in Cloudera, may seek board seats

FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo

(Reuters) - Activist investor Carl Icahn revealed a 12.6% stake in data analytics company Cloudera Inc <CLDR.N> on Thursday, and said he could seek seats on the company's board.

Icahn said Cloudera's shares were undervalued and he will look to hold talks with the company's management to increase shareholder value.

Cloudera's shares rose 12.6% in extended trading. They have plunged about 43% this year to Thursday close.

(Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Anxiety in teenagers linked to sugary drinks – new research
Anxiety affects an estimated one in five teenagers. The condition can seriously affect their social lives, school performance and overall wellbeing. And, worryingly, anxiety disorders that begin during adolescence often continue into adulthood.
The Conversation
The Conversation
Influencer debuts travel ‘hack’ – wash underwear in hotel coffeemaker. Now hate wrapped in whispers of $1M lawsuit stalk her
This is just plain gross.
We Got This Covered
We Got This Covered
‘I have never been so mortified in my life’: Woman picks a seat on Southwest Airlines—until a flight attendant tells her she should’ve bought two
A TikToker has gone viral after her encounter with an airline staff member proved one thing: fatphobia remains alive and well.
The Mary Sue
The Mary Sue
Why Modern Beauty Ideals Are Hurting Women More Than Ever
Beauty standards have existed for centuries, but today they are amplified by social media, filters, celebrity culture, and advertising. Women are constantly exposed to images of “ideal” bodies and flawless appearances. But are these standards damaging women’s confidence? Research in psychology and mental health suggests that unrealistic beauty expectations can…
MyLifeXP
MyLifeXP
"He wanted to do it so bad. And he did. He went like a rock star." Sharon Osbourne on dying Ozzy's determination to perform one last time
Ozzy Osbourne and his family knew he didn't have long to live – yet he insisted on performing at epic farewell show
Metal Hammer
Metal Hammer
Taylor Swift's 'Pizza Party' Remark Sparks Epstein Files Controversy During Jimmy Fallon Interview — Did She Hint at Something?
Taylor Swift's viral clip from the Jimmy Fallon show sparks social media speculation and conspiracy theories, linking her comments to the Epstein Files. Discover the truth behind the controversy.
International Business Times UK
International Business Times UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play