Activist investor Elliott Management takes big stake in Salesforce

by user


Activist investor Elliott Management Corp. has made a multibillion-dollar investment in Salesforce Inc.
CRM,
+3.31%
,
 according to people familiar with the matter, adding to the pressures facing the business-software provider.

While details of the campaign couldn’t be learned, Elliott, one of the biggest and most prolific activists, often seeks board representation and pushes for companies to make operational improvements and other changes.



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