The US activist investor firm Elliott Investment Management has taken 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-chief executive, Paul Singer, is known for wielding the aggressive tactics associated with activist firms. The size of the stake taken by Elliott has not been disclosed although the Wall Street Journal, which first reported the move, described it as “multibillion dollar” investment. Elliott’s investment marks the second time in three months that an activist firm has taken a stake in Salesforce.
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