And the Paul Singer-run hedge fund has made a tidy profit in the process — as much as $500 million, people with knowledge of the matter told The Post.
Elliott Management has quietly reduced its position in Masa Son’s SoftBank Group, The Post has confirmed.
The activist investor, which revealed its stake in February 2020 and agitated for SoftBank to implement share buybacks, still is talking to Masa Son, the CEO, but the fund has moved on to focus more squarely on its recent investments, such as the one in software company Citrix CTXS, -1.14%. SoftBank and Elliott both declined to comment to The Post.
In July, SoftBank reported a net profit of $6.9 billion, but the company faces an uphill battle given Chinese companies make up 23 percent of the Vision Fund’s investments.
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