(Reuters) – Activist investor Elliott Management said on Friday it supports SoftBank Group Corp’s <9984.T> latest move to buy back up to $4.8 billion of its shares.
Elliott also said SoftBank would have opportunities to pursue additional buybacks following the completion of the merger between Sprint
Earlier on Friday, SoftBank announced a plan to repurchase up to 7% of its shares as the Japanese tech conglomerate’s shares have tumbled by about a quarter in March.
(Reporting by Bharath Manjesh in Bengaluru; Editing by Arun Koyyur)
