Elliott Management has sold most of SoftBank stake: report

Elliott Management has sold almost all of its position in Japan's SoftBank /zigman2/quotes/207303954/delayed JP:9984 -1.61% , the Financial Times reported , citing people familiar with the trade. The report said Elliott had lost conviction in the ability of founder Masayoshi Son to close the huge gap between the value of SoftBank's various holdings and its market capitalization. The sale occurred earlier in the year as tech stocks were being routed, the report added.

/zigman2/quotes/207303954/delayed

Add to watchlist JP:9984

SoftBank Group Corp.

JP : Japan: Tokyo

¥ 6,156.00

-101.00 -1.61%

Volume: 4.57M

Sept. 22, 2023 10:26a

P/E Ratio

6.11

Dividend Yield

0.71%

Market Cap

¥7815.79 billion

Rev. per Employee

¥103.51M