Icahn Acquires 18 Percent Stake In Cloudera, Gains Two Seats On Board Of Directors | CRN

Also see Cloudera and Carl Icahn Agree to Peace. The Stock Tumbles. | Barron's

"Activist investor Carl Icahn is gaining two seats on the board of big data platform developer Cloudera, under an agreement unveiled Monday, after he acquired a huge stake in the company.

Icahn disclosed earlier this month that he had acquired more than 50.3 million Cloudera shares for an 18.36 percent stake in the company, according to a Bloomberg story.

Icahn's involvement with Cloudera comes at a turbulent time for the company. It is in the process of integrating its operations and product line with those of Hortonworks, the direct competitor Cloudera acquired in January for $5.2 billion. In June CEO Tom Reilly announced that he would retire in July, sending the company's stock plummeting almost 30 percent."

Icahn Acquires 18 Percent Stake In Cloudera, Gains Two Seats On Board Of Directors | CRN