Activist investor Elliott takes stake in Slack owner Salesforce

13 days ago The Guardian

The activist investor firm Elliott Investment Management has take a multibillion-dollar stake in Salesforce, the business software company that owns the Slack messaging platform. “We look forward to working constructively with Salesforce to realise the value befitting a company of its stature,” Jesse Cohn, a managing partner at Elliott, told Reuters. However, Elliott under the leadership of founder and co-CEO Paul Singer is known for wielding the aggressive tactics associated with activist firms. It recently won a board seat at Pinterest, the online pinboard business, when the company added Elliott portfolio manager Marc Steinberg as a director. Elliott’s investment marks the second time in three months that an activist firm has taken a stake in Salesforce.
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