Elliott Management has sold most of SoftBank stake: report

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Elliott Management has sold almost all of its position in Japan’s SoftBank 9984, -2.56%, 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.

This article was originally published by Marketwatch.com. Read the original article here.

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