Elon Musk’s decision to end his war with Twitter Inc. isn’t just a big win for the social-media company, but also for some big-name investors like Carl Icahn.
Icahn quietly amassed a Twitter
TWTR,
stake of well over $500 million in the past few months and made a sizable profit Tuesday after the shares shot up on news that Musk offered to close his $44 billion purchase of the social-media giant on the original terms, according to people familiar with the matter.