(Bloomberg) — Legendary activist investor Paul Singer is taking on one of his most high-profile targets yet: Masayoshi Son.Singer’s Elliott Management Corp. has built a stake of close to $3 billion in SoftBank Group Corp., according to people familiar with the matter. The New York-based hedge fund believes SoftBank is one of the world’s most undervalued companies and could easily finance a share buyback of as much as $20 billion by trimming investments in companies like Alibaba Group Holding Ltd., Sprint Corp. and others.Elliott has held discussions with SoftBank’s leadership team including founder Son, the people said. The firm thinks …read more
Source:: Yahoo Finance
