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Icahn's Stake in Netflix Surpasses $1 Billion Paper Profit

For Carl Icahn, the gains on Netflix Inc. (NFLX) are streaming in.In a little over six months, Mr. Icahn has seen his investment in the video-by-demand company gain more than $1 billion.The activist billionaire's paper profits crossed that threshold on Wednesday thanks to a continued rally in the stock, which has pushed his roughly 10% stake higher and also changed his tone on the company. Once an activist play for Mr. Icahn, he is now content to defer to management. "We are obviously very happy," Mr. Icahn said Wednesday.Mr. Icahn purchased more than 5.5 million shares last year at a price around $58 a share. With shares up another 4.5% to $244.49 on Wednesday, a nearly two-year high, his position is worth around $1.35 billion.He said Wednesday he hasn't sold a single share, though the credit for that decision, he said, belonged to his investment partner David Schechter and his son Brett Icahn. Mr. Icahn compared it to Ulysses being tied to the mast so he wouldn't be tempted by the si...

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  1. MARKET SNAPSHOT: U.S. Stocks Rise; S&P 500 Nears Record

    U.S. stocks furthered their record climb on Monday, bringing the S&P 500 within nine points of an all-time high and the Dow industrials extending their longest winni...

  2. MARKET SNAPSHOT: U.S. Stocks Waver After Chinese Data

    U.S. stocks on Monday wavered between small gains and losses after last week's record high for the Dow Jones Industrial Average and after economic data from the worl...

  3. TECH STOCKS: Icahn's Latest Dell Dealings Light Up Tech Action

    The back-and-forth over Dell Inc.'s proposed plans to go private claimed some of the attention of the tech sector Monday following the latest moves by activist inves...

  4. Icahn in Confidentiality Pact with Dell

    Potentially signaling talks are heating up, Carl Icahn's hedge fund revealed on Monday it has signed a confidentiality agreement with buyout target Dell (NASDAQ:DELL...

  5. Icahn says Dell agrees to confidential look at books

    Dell Inc has agreed to give Carl Icahn a closer look at its books less than a week after the activist investor joined a growing chorus of opposition to founder Micha...

  6. MARKET SNAPSHOT: U.S. Stock Indexes In Mild Retreat

    U.S. stocks dropped on Monday after last week's record high for the Dow Jones Industrial Average as data had China's industrial output slowing.Icahn Enterprises LP (...

  7. Apple Slips, Dell Edges Up In Early Tech Action

    Tech stocks were mostly in the red in early trading Monday, with losses from sector leaders such as Microsoft Corp. and Intel Corp. . Apple Inc. was down by 1%, at $...

  8. Icahn, Dell Sign Confidentiality Pact

    Activist investor Carl Icahn said his Icahn Enterprises L.P. (IEP) has signed a confidentiality agreement with Dell Inc. (DELL) and said it looks forward to commenci...

  9. Icahn Enterprises signs confidentiality pact with Dell

    Carl Icahn-controlled Icahn Enterprises LP said it entered into a confidentiality agreement with Dell Inc, less than a week after the activist investor joined a grow...

  10. Dell, Icahn Enter Into Confidentiality Agreement

    Carl Icahn's Icahn Enterprises L.P. said Monday that it entered into a confidentiality agreement with Dell Inc. on March 10. In a brief statement, Icahn Enterprises ...

  11. Icahn Enterprises enters into confidentiality pact with Dell

    Icahn Enterprises LP said it had entered into a confidentiality agreement with Dell Inc, and looked forward to commencing a review of the company.Carl Icahn, who has...

  12. Icahn Boosts Stake in Herbalife to More Than 15%

    Activist money manager Carl Icahn boosted his stake in nutritional-supplement maker Herbalife Ltd. (HLF), another move in a busy day for the billionaire investor tha...

  1. Market Wrap for Monday, April 8: Stocks Rise in Afternoon Trade; Close at Session Highs

    The U.S. stock market showed more resilience on Monday as the major averages climbed from negative to positive territory in afternoon trade and closed near the highs...

  2. Timeline: The long path to a Dell buyout

    Dell Inc founder Michael Dell's efforts to take the PC company private began last summer with an idea pitched by its top institutional shareholder, Southeastern Asse...

  3. Factbox: Breaking down the Dell bids

    Dell Inc said it received alternative proposals from Blackstone Group LP and Carl Icahn that might be superior to the $24.4 billion offer from founder Michael Dell a...

  4. Dell Gets Two Alternative Takeover Bids

    Dell Inc. (DELL) has received two alternative takeover proposals--one from activist investor Carl Icahn and the other from a private equity fund managed by Blackston...

  5. Bidding War Breaks Out Over Dell

    A bidding war official ramped up on Monday when Dell (NASDAQ:DELL) confirmed that it received two more takeover bids during its go-shop period that compete with an e...

  6. Blackstone Explores Higher Dell Buyout Bid

    With the clock ticking on Dell's go-shop period, private-equity giant Blackstone (NYSE:BX) is reportedly considering trumping Michael Dell and Silver Lake Partners' ...

  7. TECH STOCKS: Dell, BlackBerry Highlight Tech Gains

    Tech stocks kicked off the week with broad gains Monday as the back-and-forth over Dell Inc.'s proposed plans to go private claimed some of the attention of the tech...

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