Paul Singer, founder and president of Elliott Management. While SoftBank shares surged 9% on the news Thursday, the stock has lagged in recent months, especially after taking big hits on its investments in losing startups like WeWork. Before today, SoftBank shares were down almost 15% over the last six months. New York-based Elliott Management is one of Wall Street’s largest activist hedge funds—with some $35 billion in assets under management. SoftBank welcomes feedback from fellow shareholders,” a SoftBank spokeswoman told the Wall Street Journal.

Source: Forbes February 06, 2020 20:10 UTC