Carl Icahn unloads his LightSquared debt, creditor talks trudge on

Carl Icahn is no stranger in this field - he's been caught tussling with Motorola and bidding Yahoo's board adieu in recent years - and most recently, he's managed to get caught up in one of the bigger wireless whirlwinds this planet has ever seen. Just months after Icahn swooped in to buy some $250 million in company debt at around 40 cents on the dollar, he has managed to offload that very chunk for 60 cents on the dollar. Not surprisingly, his cash coffers are growing in turn, despite LightSquared's position as a whole looking only marginally less bleak.

Engadget

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wgitn, Carl Icahn unloads his LightSquared debt, creditor talks trudge on