{"id":88443,"date":"2024-06-06T00:12:19","date_gmt":"2024-06-06T04:12:19","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88443"},"modified":"2024-06-05T23:44:36","modified_gmt":"2024-06-06T03:44:36","slug":"softbank-shares-jump-up-to-6-3-on-report-that-elliott-managements-pushing-for-15-billion-in-buybacks","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2024\/softbank-shares-jump-up-to-6-3-on-report-that-elliott-managements-pushing-for-15-billion-in-buybacks.html","title":{"rendered":"SoftBank shares jump up to 6.3% on report that Elliott Management\u2019s pushing for $15 billion in buybacks"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/9984.T-JP\/\">SoftBank Group<\/a>\u00a0shares rose as much as 6.3% on Wednesday, after a report said that\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.ft.com\/content\/aae9554e-196c-45b6-9510-c2c3ae83e650\" target=\"_blank\">Elliott Management had rebuilt a substantial stake<\/a>\u00a0in the Japanese technology conglomerate and was pushing for stock repurchases. Elliott is lobbying for $15 billion worth of share buybacks, arguing that the buybacks will boost SoftBank\u2019s share price and \u201cact as a sign of Son\u2019s confidence in his strategy,\u201d the Financial Times reported.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/06\/05\/softbank-rises-as-much-as-6point3percent-after-report-of-elliott-managements-buyback-push.html\">To read this article<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) SoftBank Group\u00a0shares rose as much as 6.3% on Wednesday, after a report said that\u00a0Elliott Management had rebuilt a substantial stake\u00a0in the Japanese technology conglomerate and was pushing for stock repurchases. Elliott is lobbying for $15 billion worth of share [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88443","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88443"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88443\/revisions"}],"predecessor-version":[{"id":88444,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88443\/revisions\/88444"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}