Corporate raider Carl Icahn is attempting to take over independent movie studio Lions Gate. Billionaire Icahn may be buying minority shareholder Mark Cuban’s small percentage of stock around 6%, therefore sending him on his way to being Lions Gate largest shareholder at over 20%. It’s not a done deal yet but in an interview on CNBC last week, Cuban said, “I really think I’m going to tender. I have my reasons I don’t want to get into. But I think it’s the right move for right now and the right move for the long term for the company and for me.” In an open letter to the board of directors and CEO Jon Feltheimer, Icahn expressed his deep anger towards the current management and his fear for the future of the company. And he wants to know why management claims “record performances” with no cash flow and the stock in decline. He also made references to the CEO’s overspending, the lavish new offices, their huge salaries and a few mentions of the Bentley driven by the underperforming CEO, Feltheimer. Icahn proceeded with, “As a shareholder, I’m forced to ask how much longer this board of directors will allow the party in the management suite to continue.” If Icahn, who has been fighting with management for over a year, is able to get Dallas Maverick’s Billionaire owner’s shares, then he will be able to replace the board and hire a whole new team. Lions Gate is the distributor behind Ashton Kutcher and Katherine Heigl’s new movie the Killers, which is in theatres now. I didn’t see the movie but I have seen the posters all over town promoting the movie, and if Feltheimer had anything to do with those, then he along with the marketing department should all be shown the door.