Odaily Planet Daily News: People familiar with the matter revealed that Elliott Management has held a considerable stake in SoftBank Group Corp. and is pushing it to launch a $15 billion buyback plan. According to the FT, Elliott has accumulated shares worth more than $2 billion and has contacted SoftBank executives in recent months. Elliott believes that such a large-scale stock buyback will help founder Masayoshi Son convey his confidence in SoftBank to the market. The company's shares rose 4.6% in Tokyo. This is the second time Elliott has targeted SoftBank, which was once one of the world's largest and most influential technology investment institutions. Elliott accumulated about $3 billion in shares in 2020, after which SoftBank significantly accelerated its buybacks. Elliott later sold most of its shares in SoftBank. A representative for SoftBank declined to comment. A representative for Elliott did not immediately respond to a request for comment. In recent years, SoftBank has reduced its bets on start-ups. After the value of key assets such as Arm Holdings Plc soared, the company is preparing to increase its investment in artificial intelligence and other fields. (Bloomberg)