Activist investor Carl Icahn placed a $350 million bet on Netflix last fall, with intentions of changing the company. Selling Netflix to the highest bidder was one option in Icahn's mind, and perhaps his strongest idea.
But now, his investment has nearly quadrupled in value, adding a cool $1 billion to the original stake. And that's not enough: Icahn, who still hasn't sold a single Netflix share, no longer wants to change or sell the company, and is generally very happy, according to The Wall Street Journal . "When I saw House of Cards, and met with [CEO Reed Hastings], I was sold on what he was doing," Icahn told the Journal.
In this video, Fool contributor Anders Bylund puts Icahn's happiness into perspective. Icahn has bet on the wrong horse in the video sweepstakes before, but he's on the right track this time.
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The article Carl Icahn Has 1 Billion Reasons to Love Netflix originally appeared on Fool.com.Fool contributor Anders Bylund owns shares of Netflix, but he holds no other position in any company mentioned. Check out Anders' bio and holdings or follow him on Twitter and Google+. The Motley Fool owns shares of Netflix. Motley Fool newsletter services have recommended buying shares of Netflix. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.