Media reports say Elliott Management, a US-based activist investor, has sold almost all of its remaining shares in Japan's SoftBank Group.
European and US media outlets, including the Financial Times, carried the news on Tuesday.
They say that Elliott Management had previously built a 2.5-billion-dollar stake in SoftBank. The hedge fund's acquisition of the group's shares was revealed in February 2020.
The media say Elliott's latest move shows growing investor unease in the fortunes of the Japanese firm.
SoftBank Group last week reported a net loss of about 23 billion dollars for the April-to-June period this year.
European and US media outlets, including the Financial Times, carried the news on Tuesday.
They say that Elliott Management had previously built a 2.5-billion-dollar stake in SoftBank. The hedge fund's acquisition of the group's shares was revealed in February 2020.
The media say Elliott's latest move shows growing investor unease in the fortunes of the Japanese firm.
SoftBank Group last week reported a net loss of about 23 billion dollars for the April-to-June period this year.
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Summary
Elliott Management, a US-based activist investor, has sold almost all of its remaining shares in Japan's SoftBank Group. The hedge fund had built a $2.5 billion stake in the company, revealed in February 2020. Recent moves suggest growing investor unease due to SoftBank's $23 billion net loss for
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ID: 62fc1fc4-feb4-4255-a370-6d1dc0a80b98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20220817_05/
Date: Aug. 17, 2022
Created: 2022/08/17 07:52
Updated: 2025/12/09 14:17
Last Read: 2022/08/17 07:52