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Elliott Investment Management buys stake in Salesforce

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Hedge fund Elliott Investment Management has taken a large stake in Salesforce, according to media reports.

A person familiar with the matter said the company acquired a multibillion-dollar stake in Salesforce.

“We look forward to working constructively with Salesforce to realize the value befitting a company of its stature," said Jesse Cohn, managing partner at Elliott.

Read more from Bloomberg.

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