Billionaire investor Carl Icahn has cut his stake in Blockbuster Inc, selling more than 13 million shares of the video rental chain whose woes include the possibility of bankruptcy.
Over the past week, Icahn, who was Blockbuster's largest shareholder according to Thomson One Financial, trimmed his ownership of the Class A shares to 5.1 percent as of March 29, according to a federal filing. In January he reported a 16.9 percent stake.
He also reduced his stake in the company's Class B shares.
