SoftBank shares jump up to 6.3% on report that Elliott Management's pushing for $15 billion in buybacks

Elliott is lobbying for $15 billion worth of share buybacks, arguing that the buybacks will boost SoftBank's share price and "act as a sign of Son's confidence in his strategy," the Financial Times reported. SoftBank shares hit a high of 9,572 yen on Wednesday, 6.32% higher than its Tuesday closing price, according to LSEG data. The shares closed 4.6% higher at 9,420 yen on Wednesday. Elliott's stake was valued at more than $2 billion and the U.S. fund manager had been liaising with SoftBank's senior manage ...