Icahn May Play Big Role In Blockbuster Restructuring

Law360, New York (September 17, 2010, 12:28 PM EDT) -- Billionaire investor Carl Icahn has reportedly revealed to sources close to Blockbuster Inc. that he holds a third of the floundering video rental chain's senior debt, enough of a stake to obstruct a restructuring plan if he doesn't like it.

Sources say Icahn has become a key figure in Blockbuster's debt restructuring and recently purchased $100 million in debt from hedge funds that hold Blockbuster bonds, the Wall Street Journal reported Friday.

A spokesman for Icahn Enterprises LP didn't immediately return a call for comment on...
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