Elliott Management

Twitter Inc. (NYSE: TWTR) named Patrick Pichette, a former Google executive as the board's chairperson, bringing an outsider to lead its board for the first time ever. What Happened Pichette, who served as a chief financial officer at Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) owned...

New York-based hedge fund founder and CEO Paul Singer believes that amid the COVID-19 outburst, stocks across the world might see a value erosion from its February high levels. What Happened "A 50% or deeper decline from the February peak levels might be the ultimate path of global stock...

SoftBank Group Corp. (OTC: SFTBY) has said its Board of Directors has decided to buy back 7% of total shares, excluding treasury stock, worth $4.8 billion (500 billion yen). What Happened SoftBank will repurchase 7% of its total stock in a second major buyback after coming under pressure from...

Twitter Inc. (NYSE: TWTR) chief executive officer Jack Dorsey will continue in his role, as a "cooperation agreement" signed with Elliott Management. What Happened The social media company on Tuesday said it would buy back $2 billion, or about 7.9% of its shares, as part of the agreement...

Hedge fund and activist investor Elliott Management Corp. expanded its long-held stake in SoftBank Group Corp - ADR (OTC: SFTBY) last year to about 3%, according to The Wall Street Journal. The $2.5 billion bet makes SoftBank one of Elliott’s largest investments. “Elliott’s...

Activist investor Starboard Value sent a letter to eBay Inc (NASDAQ: EBAY) on Tuesday calling the company ‘'deeply undervalued,” and said it sees significant opportunities through operational and strategic initiatives. Last year, eBay agreed to sell its ticketing unit...

Elliott Management Corporation sold all its shares in Hyundai Motor Group (OTC: HYMTF) companies last year, following its failed attempts to boost dividends and gain board seats at the South Korean family-run conglomerate. The U.S. hedge fund’s name was not found in any of Hyundai Motor...

Influential media analyst Craig Moffett of MoffettNathanson downgraded AT&T Inc.(NYSE: T) rating to Sell — a recommendation CNBC's Jim Cramer doesn't agree with. Cramer Says AT&T Bulls Aren't Banking On Guidance  Moffett's bearish stance on AT&T...

AT&T Inc. (NYSE: T) shares traded higher by 5% on Monday to kick off what could be the biggest week of 2019 for the company. On Monday, a flurry of large AT&T option trades were more bearish than bullish, suggesting smart money is expecting AT&T to underperform following its highly...

AT&T Inc. (NYSE: T) is ready to bargain with an activist hedge fund demanding improvements. In response to Elliott Management’s September letter, management announced Monday it will embrace a more disciplined acquisition strategy and review its portfolio to identify potential asset sales...

Marathon Petroleum Corp (NYSE: MPC) investors Paul Foster and Jeff Stevens, who control around 1.7% of the company, are calling for CEO Gary Heminger to be replaced, The Wall Street Journal reported Friday.  What Happened Activist investor Elliott Management had called for...

AT&T Inc. (NYSE: T) is evaluating a sale of its satellite business DirecTV, which would mark a departure from a prior corporate strategy, The Wall Street Journal reported. AT&T acquired DirecTV in 2015 and now is considering multiple strategic alternatives, including a spinoff of the...

President Donald Trump on Monday praised an activist investor’s move to take a stake in AT&T Inc. (NYSE: T) and used the fund’s criticism of its acquisitions strategy to reiterate his own animosity toward news network CNN, which is owned by AT&T’s WarnerMedia, formerly...

Shares of AT&T Inc. (NYSE: T) gained 9% Monday morning after activist investor Elliott Management confirmed a $3.2 billion stake and detailed how AT&T can generate a potential 65% return. 'The Truth' Elliott Management said in a letter its large investment reflects a "deep...

Shares of Nielsen Holdings PLC (NYSE: NLSN) moved higher by more than 3.6% Monday following a report of buyout interest from KKR & Co Inc (NYSE: KKR). What Happened A report from Intereconomia said private equity firm KKR is looking to buy Nielsen at $30 per share. Reports of a deal at first...