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The deal surpasses the previous technology takeover record of $49bn paid by eBay for payment processor PayPal in July, according to Dealogic.
While his takeover record may be spotty, Mr. Icahn's style of activism has led many companies to pursue lucrative sales of themselves, as with Genzyme and Biogen.
The computer firm Dell has smashed the tech takeover record after agreeing to pay $67bn £44bnn) for data centre company EMC Corporation, giving Dell better access to the fast-growing cloud computing sector.
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A Verizon deal is the third-biggest corporate takeover on record, based on terms not adjusted for inflation, according to Thomson Reuters.
Takeover speculation, record high world oil prices, which went over $127.43 a barrel earlier in the day, and strong corporate results offset gloom enveloping the retail sector and economic uncertainty.
Merger and acquisition activity has also fallen to a three-year low and at 4% is the lowest proportion of worldwide takeovers on record, according to Thomson Reuters.
Should Verizon Communications successfully buy out Vodafone's 45 percent stake in Verizon Wireless — analysts suggest that the transaction would be valued at more than $125 billion — it would consummate one of the largest takeovers on record.
The Canada Pension Plan Investment Board (CPPIB), which invests more than a quarter of a trillion dollars for Canadian pensioners, increased its bet against the grocer days after Sainsbury's chief executive, Mike Coupe, went public about a takeover, Financial Conduct Authority records show.
EU regulators ordered Universal to sell off 30 per cent of EMI's assets as a condition for the approval of a £1.2 billion takeover of the record company.
Takeover speculation and record oil prices helped the London market end the week on a five-month high, despite a weak opening from Wall Street.
Takeover speculation and record oil prices helped the London market end the week on a five-month high yesterday, shrugging off a weak opening from Wall Street.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com