Elliott Management sells down SoftBank stake -FT

Activist investor Elliott Management has sold almost all of its remaining shares in SoftBank Group Corp after previously investing as much as $2.5 billion, the Financial Times reported on Tuesday citing unnamed sources.

The exact size and timing of the selldown was unknown but took place earlier this year as SoftBank was hit by the tech downturn, the FT reported citing one of the unnamed sources. SoftBank did not immediately respond to a request for comment.

Shares of the company were down about 2% at 0425 GMT, versus a flat broader market.

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