Elliott Management Pushes SoftBank for $15 Billion Share Buyback

Investment firm rebuilds $2 billion stake, aims to narrow gap between asset value and market capitalization.

• SoftBank shares rose up to 6.3% following the news of Elliott's push for buybacks.
• Elliott has been in discussions with SoftBank's senior management for the past few months.
• The buyback is seen as a confidence boost in Masayoshi Son's strategy and SoftBank's future.
• SoftBank's market capitalization is about $88 billion, while its asset value is around $180 billion.
• Elliott's renewed interest comes amid Japan's evolving landscape for activist investors.

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