--Elliott Management Corp. has sold almost all of its stake in SoftBank Group Corp., the Financial Times reported Tuesday, citing unnamed sources.

--Elliott made its move after losing conviction in Chief Executive Masayoshi Son's ability to close the gap between Softbank's market cap and the value of the company's various holdings, the FT report said.


Full story: https://on.ft.com/3w7F7sv


Write to Kosaku Narioka at kosaku.narioka@wsj.com


(END) Dow Jones Newswires

08-16-22 0045ET