Reported 4 months ago
Activist investor Elliott Management has reportedly rebuilt a stake worth over $2 billion in SoftBank Group, pushing for a $15 billion share buyback and engaging with the company's leadership. This move comes after Elliott last took a significant stake in the Japanese tech conglomerate back in 2020, with shares of SoftBank jumping following the news. The activist investor aims to close the valuation gap as SoftBank plans to focus on AI and semiconductors, holding a cash pile of 6.2 trillion yen at the end of the fiscal year.
Source: YAHOO