TOKYO -- SoftBank Group shares jumped on Friday after reports emerged that U.S. activist hedge fund Elliott Management has amassed a stake in the Japanese technology conglomerate. But analysts are divided on whether Elliott's investment will prompt more buybacks and changes in SoftBank's investment strategy.
SoftBank's Tokyo-listed stock price opened 8% stronger, at 5,107 yen ($46.50), its highest level in six months, before paring some gains in early trading. It closed at 5,064 yen.
