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Carl Icahn buys into Apple

August 13, 2013: 2:28 PM ET

Activist makes his next big tech move.

FORTUNE -- Earlier this week Carl Icahn told us to watch his Twitter feed. Now we know why:



No word yet on exactly how many Apple (AAPL) shares Icahn holds, or what Cook's response was to Icahn's overture. Apple stock had been relatively flat before Icahn's tweets, but by 2:50pm was up more than $17 per share (3.66%). For the year, Apple is down more than 11% -- causing some longtime shareholders to believe the company's best growth is behind it.

Icahn is no stranger to technology, based on his past Motorola experience and his current attempts to gain control of Dell Inc. (DELL). He also has generated more than $1 billion in paper returns from his 2012 investment at Netflix -- buying at just $58 per share, compared to the company's current $261 per share mark.

Perhaps most relevant is Icahn's 16.03% stake in Nuance Communications (NUAN), which Apple uses for its Siri voice recognition feature.

Apple followed Icahn's tweet by issuing the following statement: "We appreciate the interest and investment of all our shareholders. Tim had a very positive conversation with Mr. Icahn today."

For everything Apple, check out our Apple 2.0 blog

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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