Activist investor Elliott Management rebuilds $2B stake in SoftBank, urges $15B share buyback.

Elliott Management has rebuilt a stake worth over $2 billion in SoftBank Group and is urging the Japanese tech conglomerate to launch a $15 billion share buyback, according to a report by the Financial Times. The US activist investor believes the buyback would boost SoftBank's share price and indicate CEO Masayoshi Son's confidence in his strategy. SoftBank's shares rose as much as 6.3% following the report.

June 05, 2024
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