Wall Street billionaire Carl Icahn is attempting to increase his stake in Motorola to around 6 per cent by acquiring another $2 billion worth of stock in the company.

Wall Street billionaire Carl Icahn is attempting to increase his stake in Motorola to around 6 per cent by acquiring another $2 billion worth of stock in the company. The proposed stock purchase will make Icahn the company’s second largest investor, behind Barclays Global Investors, which has a 6.82 per cent stake in the company as of December 31, 2006. Icahn has also demanded that Motorola use the majority of its $11.6 billion cash funds to accelerate share buybacks.