BILL (US:BILL) Benzingaยท2025-09-09 21:42Group 1 - Activist hedge fund Elliott Management has acquired at least a 5% stake in Bill Holdings, making it one of the five largest investors in the company [2][4] - Starboard Value has taken an 8.5% stake in Bill Holdings and is pushing for changes, including nominating four director candidates for the board [3][4] - Bill Holdings is currently valued at $5.2 billion, a significant drop from its $34 billion valuation in 2021, with shares down 85% from their all-time high [5] Group 2 - The payments sector is experiencing increased interest from larger companies looking to acquire smaller rivals, which have seen their valuations decline [5] - Bill Holdings specializes in payment solutions for small and medium-sized companies and is aiming to expand its customer base to larger companies to enhance revenue [5][6] - Bill shares rose 5.85% to $53.90 in after-hours trading, despite being down 39.9% year-to-date in 2025 [6]