Icahn To CNBC: 'I'm Buying Netflix Because It's Undervalued'

Posted on October 31, 2012 at 20:24 PM EDT

So why is Carl Icahn buying Netflix? Shares of the streaming giant soared 14% after the billionaire investor disclosed a 10% stake in the Los Gatos, California based company.

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Amazon.Com, Inc. Comcast Class A FACEBOOK-A Google, Inc. Microsoft Corp NetFlix, Inc. News Corporation - Class A Shares United Parcel Service Inc. Cl B Walt Disney

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