Elliott Management has built a stake of more than $2.5 billion in tech giant SoftBank, urging changes, say people familiar with the matter
Elliott Management Corp. has quietly built up a more than $2.5 billion stake in Japan’s SoftBank Group Corp. and is pushing the sprawling technology giant to make changes that would boost its share price, according to people familiar with the matter.
Founded by billionaire Paul Singer, New York-based Elliott is known as a formidable activist investor, often seeking to influence company management. SoftBank is one of Elliott’s largest bets, according to people familiar with the matter. At current prices, the investment would...
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
WSJ News Exclusive | Intercontinental Exchange Makes Takeover Offer for EBayThe owner of the New York Stock Exchange has made a takeover offer for eBay that could value the sprawling online marketplace at more than $30 billion, according to people familiar with the matter.
Baca lebih lajut »
WSJ News Exclusive | Macy’s to Close 125 Department Stores, Exit Weakest MallsThe department-store operator is cutting back sharply in an admission that a fifth of its locations cannot thrive as shoppers buy more online and make fewer trips to malls.
Baca lebih lajut »
WSJ News Exclusive | NYSE Owner Intercontinental Exchange Makes Takeover Offer for eBayIntercontinental Exchange has made a takeover offer for eBay that could value the sprawling online marketplace at more than $30 billion, according to people familiar with the matter. EBay’s shares rose nearly 9%.
Baca lebih lajut »
WSJ News Exclusive | Justice Department Ramps Up Google Probe, With Heavy Focus on Ad ToolsIn recent months, the department has been posing increasingly detailed questions—to Google’s rivals and executives inside the company itself—about how Google’s third-party advertising business interacts with publishers and advertisers.
Baca lebih lajut »
WSJ News Exclusive | Nike Alphafly Sneakers Will Also Avoid Olympic BanNike’s Alphafly running sneaker, the next generation of Vaporfly technology that sparked a crackdown, will go on limited sale at end of month, making them eligible for this summer’s Tokyo Olympic Games.
Baca lebih lajut »
WSJ News Exclusive | EU Deepens Antitrust Inquiry Into Facebook’s Data PracticesAuthorities have sought documents related to the social media company’s alleged efforts to identify and squash potential rivals, deepening an E.U. preliminary probe into Facebook, according to people familiar with the matter.
Baca lebih lajut »