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Elliott rebuilds stake in SoftBank and pushes for buybacks

US activist investor wants share price to reflect $180bn value of Japanese tech conglomerate’s investments
SoftBank founder Masayoshi Son has built his current growth strategy around a roughly 90% stake in UK chip designer ARM, whose stock market price has surged

Elliott Management has rebuilt a substantial stake in SoftBank and is pushing the Japanese tech conglomerate founded by Masayoshi Son to launch a $15bn share buyback.

The US-based activist fund’s position is worth more than $2bn and it has engaged directly with SoftBank’s senior management over the past two to three months, according to people familiar with the matter.

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