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Private equity firm Silver Lake has sued billionaire Carl Icahn and dozens of hedge funds to block their use of an obscure legal tactic to pursue a large payout from Silver Lake's acquisition of Endeavor entertainment agency.
Silver Lake sued Carl Icahn and dozens of hedge funds, saying they plan to use an “obscure legal tactic” to seek a potentially large payday related to its 2025 acquisition of Endeavor’s entertainment agency, and aims to block the tactic.