Quote Elliot's substantial investment in Softbank Group reflects its strong conviction that the markets significantly undervalues Softbank's portfolio of assets.

Elliot has engaged privately with Softbank's leadership and is working constructively on solutions to help Softbank materially and sustainably reduced its discount to intrinsic value.

Now that particular news has put shares of a thinly traded depositary receipt for Softbank in Japan that's traded in the U.

S.

To its session highs.

As you can see, they're up almost 10% right now will continue to follow this particular story, but this is a big deal. 00:00:56.800 --> 00:01:0.800 Softbank coming under a lot of fire from some recent investments, namely Kelly Tyler. 00:01:0.800 --> 00:01:2.080 We worked most recently. 00:01:2.140 --> 00:01:5.430 We'll see if this particular move has anything to do with that guy's back over to you, dumb. 00:01:5.430 --> 00:01:7.090 That's exactly what I was gonna ask me. 00:01:7.290 --> 00:01:14.510 How much does Softbank, the company of, you know, struggle based on those investments going poorly.

So it's interesting because, according to the Journal and Dow Jones, part of that particular move here is because Elliot is urging Softbank to buy back shares also make governments improvements amidst other things.

So you wonder whether or not the governance improvements and some of those other requests that are being made have to do with some of the investment that they have been making.

If so, this is a fairly substantial moving Elliott, of course, a very high profile activist investor and two and 1/2 $1,000,000,000.

While Softbank is a very large company, it's not a small, small endeavor to raise two and 1/2 $1,000,000,000 invest into a company like this.

So ah, very big deal.

It is.

It is moving the shares, guys, and that's the reason why we're kind of piling.

I guess maybe it's too early to draw conclusions because you don't know what soft.

I don't believe I heard you say anything about Softbank's response to this. 00:02:0.060 --> 00:02:11.070 Ah, and it's the middle of the night over there, by the way, but at any rate, is it too early to say that this is quote something less than a welcome embrace of Self Bank.

Well, it's interesting.

You're right.

We have reached out to Softbank.

But this is of course, as you pointed out, outside of normal business hours in Japan, for Softbank and its company out there as we take a look at the size take that we're talking about Elliot is making it sound like these air friendly discussions for the time being, at least a professional right that they're engaging.

Softbank is working with them.

The statement basically says that they've met privately with that leadership there working, and they use the word constructively.

So at this stage right now, it appears as though, according to Elliott management statement in this whole process, that this is a fairly amicable relationship for the time being.