Carl Icahn has reportedly been buying LightSquared debt after prices sank last year, including...

|By:, SA News Editor

Carl Icahn has reportedly been buying LightSquared debt after prices sank last year, including acquiring a large block of a $300M loan from Farallon Capital Management. The action could enable Icahn to take control of LightSquared should it restructure or file for bankruptcy. David Tepper and Andrew Beal bought the rest of the Farallon debt.