Carl Icahn bumping up investment in software maker Nuance

Summary:If the whole Dell thing doesn't work out, it looks like Icahn is covering his bases (and spreading his wealth) elsewhere.

American business titan Carl Icahn has increased the investment stakes once again with another company not named Dell.

This time the lucky recipient is speech and imaging recognition software maker Nuance Communications, according to a new filing with the U.S. Securities and Exchange Commission on Thursday.

Icahn now retains a 16.9 percent stake in the company, versus 16.4 previously, through his various properties, such as Icahn Enterprises Holdings and Icahn Onshore.

But it doesn't stop there.

A new report from Bloomberg on Friday speculated that the increased investment might be strengthen his chance at a board seat.

The news agency further suggested that could then lead to influence on whether or not to sell Nuance's communications technology to a larger tech player -- perhaps even a company that was also treated to a rather sizable investment from the financier: Apple.

Earlier this month, Icahn announced via Twitter about the news of his substantial investment in the iPhone maker, describing the Cupertino, Calif.-based company as "undervalued."

At the time of the announcement, Apple shares were up by approximately four percent to roughly $486.45 a pop.

However, the exact amount of Icahn's investment or his new share in Apple has yet to be revealed.

And then there is the Dell debacle.

At the beginning of August, Icahn upped the ante as well as his stake in the company by picking up four million more Dell shares. Icahn paid $12.94 per share, bringing his grand total number of Dell shares to 156,478,650.

The Wall Street Journal highlighted that he now owns 8.9 percent of the Texas-based company, making him the second largest shareholder behind founder and CEO Michael Dell.

Icahn and the PC maker's leader have been at odds for months now with Michael Dell and Silver Lake Partners on one side of the fence trying to take the company private.

On the flip side is Icahn along with Southeastern Asset Management, which together have been doing everything possible to block that plan.

Topics: Enterprise Software, CXO, Dell, Mobility, Tech Industry


Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider,, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for, Irish Americ... Full Bio

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