Carl Icahn Looking at $70 Million Profit on Dell Investment

Carl Icahn is looking at about a $70 million profit on his six-month investment in Dell Inc. if the buyout of the computer company passes this week and he sells his stake into the deal, a person familiar with his investment said Monday.

Mr. Icahn views his profits as a “consolation” prize in his broader fight in the deal, the person said.

Monday, Mr. Icahn announced he had resigned himself to losing his campaign to upend the deal, telling Dell shareholders he wasn’t going to take further action. He said he plans to still seek a court appraisal of the value of Dell shares, a process that could impact the profits he ultimately takes home.

Read the rest of this post on the original site »

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »