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Activist investor Elliott now owns 3% of SoftBank

With $2.5bn stake, NY fund seeks to boost Japanese group's value

Elliott Management founder Paul Singer speaks at a conference. The activist fund said the market undervalues SoftBank Group's portfolio.

NEW YORK -- U.S. activist investment fund Elliott Management has acquired a more than $2.5 billion stake in SoftBank Group, pushing the Japanese group to make better investment decisions and strengthen corporate governance.

Founded by billionaire Paul Singer, the New York-based Elliott is apparently holding the equivalent of roughly 3% of SoftBank's market value.

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