Shares of SoftBank Group (9984.T, SFTBY) are jumping after the Financial Times reported activist investor Elliott Management has rebuilt a stake worth more than $2 billion in the Japanese tech conglomerate. The firm is reportedly pushing for a share buyback and has already engaged with the company's leadership. Elliott last took a substantial stake in the company back in 2020.

Yahoo Finance's Akiko Fujita reports on why Elliott is engaging with SoftBank again.

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This post was written by Stephanie Mikulich.