Elliott Management

Elliott Management has reportedly re-established a significant stake in SoftBank (OTC:SFTBY)and is advocating for a $15 billion share buyback. What Happened: The U.S.-based activist fund's position is valued at over $2 billion, the Financial Times reported on Wednesday. Elliott has been in direct...

Elliott Management Corp. has acquired a significant stake in Sumitomo Corp., a Japanese trading company favored by Warren Buffett. What Happened: The activist investment group’s stake is reportedly worth “several tens of billions of yen,” translating to a 0.2% stake in Sumitomo...

Activist investor Elliott Management has quietly built a $1 billion stake in Anglo American (OTCQX:NGLOY), adding pressure to the UK-listed mining giant after it became the target of a $39 billion takeover bid from BHP Group (NYSE:BHP). This development emerged after Anglo American's board rejected...

In a strategic move to capitalize on the current market conditions, Elliott Management is launching a new venture, Hyperion, to acquire global mining assets valued at a minimum of $1 billion. According to sources familiar with the matter, the initiative seeks to leverage the low...

Activist investor Elliott Management has acquired a 2% stake in Mitsui Fudosan Co Ltd (OTC:MTSFY), a leading Japanese developer. The investor is now reportedly pressuring the company to sell its shares in Oriental Land (OTC:OLCLY). What Happened: Elliott Management, a U.S.-based investment fund,...

Activist fund Elliott Management is reportedly pursuing ailing movie theater chain Cineworld Group plc (OTC: CNNWQ) (OTC: CNWGQ).  Paul Singer-owned Elliott is looking to buy Cineworld’s operations in eastern Europe and Israel, Sky News reported on Saturday. The fund was...

Activist Elliott Management on Wednesday nominated multiple directors for board seats at Salesforce Inc (NYSE: CRM). What To Know: According to CNBC, the activist investor named a slate of directors for Salesforce's board two weeks before the window for nomination closes on...

Activist investor Elliott Management Corp has reportedly picked up a multi-billion dollar stake in cloud software firm Salesforce Inc (NYSE: CRM), the Wall Street Journal reported, citing people familiar with the matter. What Happened: Elliott managing partner Jesse Cohn said,...

Activist investor Paul Singer is the founder, president and co-CEO of Elliott Management, which was established in 1977. Singer’s total net worth is valued at $5.5 billion, making its biggest leap from 2020 to 2021, per Forbes. As of June 2022, Redbird Capital Partners entered into an...

Analysts are diving into the second quarter earnings report from PayPal Holdings (NASDAQ: PYPL) and evaluating what a $2 billion stake from Elliott Management could mean for the financial technology company's future.  The PayPal Analysts: After PayPal said second-quarter revenue increased...

Payments solutions company PayPal Holdings Inc (NASDAQ: PYPL) reported second-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: PayPal reported revenue of $6.8 billion for the second quarter, up 9% year-over-year. The revenue came in ahead of a...

An unusual phenomenon is taking place this earnings season: some companies are actually being rewarded for poor earnings reports. The trend continues Tuesday with Pinterest Inc (NYSE: PINS), the PreMarket Prep Stock of the Day. Pinterest's Volatile 12 Days: On July 15, Pinterest...

PayPal Holdings, Inc. (NASDAQ: PYPL), which has seen its fundamentals deteriorate, could be caught in the vortex of shareholder activism. What Happened: Paul Singer’s Elliott Management Corp. has taken a stake in PayPal, although the size of the stake and the intention are not apparent ...

Pinterest Inc (NYSE: PINS) rallied 14.8% on Friday following reports that activist investor Elliott Management has taken a 9% stake in the company. What Happened? On Thursday, the Wall Street Journal reported Elliott Management has taken a sizable stake in Pinterest and has been conducting...

Whatever your ethical stance on activist investing is, it really does not matter. It is now common practice for large investors to take a large stake in a company and then tell the management that they know how to run their business better than they do. This is usually accomplished by the...