From WSJ: Back in January Netflix NFLX +6.73% disclosed that in late 2012, activist investor Carl Icahn had acquired about 10% of the company, at an average price of $58 per share. That means his stake of just over 5.5 million shares would have set him back about $321 million.
Mr. Icahn’s final intentions may still be a work in progress, but the “more valuable” part has certainly happened: After reporting positive first quarter results today, Netflix stock is up almost 25% in after-hours trading, at about $217 per share on Monday evening. That values the company at about $11.2 billion, and Mr. Icahn’s stake somewhere north of $1.1 billion. On paper, that’s a tidy little $800 million profit in six months….