The Wall Street Journal: Carl Icahn said unlikely to lobby Dell to sweeten VMware deal

A profit of about $200 million could be enough to get Carl Icahn to stop fighting Michael Dell.

Icahn is unlikely to push Dell Technologies Inc. to sweeten its deal to buy back shares that track Dell’s interest in VMware Inc. VMW, -1.02% , after reaping a paper profit of around $200 million on the tracking stock and VMware’s publicly traded shares, according to people familiar with the matter.

Over the past several months, the billionaire activist investor has been building stakes in both the software company, VMware, and the tracking stock, Dell Technologies’ Class V shares, the people said.

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