Latest news with #ElliottInvestmentManagement
Bloomberg
2 days ago
- Business
- Bloomberg
Microsoft Joins the Crowd Trailing OpenAI in the Chatbot Competition
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg's journalists around the world. Today, Matt Day reports on the challenges facing Microsoft as it tries to make headway in the market for consumer artificial intelligence tools. HPE cooperates with activist: Hewlett Packard Enterprise signed a cooperation agreement with Elliott Investment Management, which has a more than $1.5 billion stake in the company. The deal with the activist investor included the appointment of a director and the creation of a new strategic committee.
Business Journals
3 days ago
- Business
- Business Journals
Billionaire Paul Singer's hedge fund strikes deal with tech giant
The deal comes on the heels of West Palm Beach-based Elliott Investment Management acquiring an 8% stake in the firm valued at $1.5 billion a few months ago.
Bloomberg
3 days ago
- Business
- Bloomberg
Singer's Elliott Battles Texas Private Equity Firm Over Fees
Paul Singer's Elliott Investment Management built a reputation for its frequent legal brawls to squeeze more value from its investments in public companies. Now the firm is picking a fight over charges in the opaque world of private equity. In a court case in Delaware, Elliott is seeking documents it says could show that Stronghold Investment Management, a Texas private equity firm, billed tens of millions of dollars in excess expenses. A judge is now weighing whether to force Stronghold to turn over internal records about how it charged Elliott for managing about $100 million in oil and gas bets.
Reuters
3 days ago
- Business
- Reuters
Hewlett Packard signs cooperation deal with Elliott, adds tech veteran to board
July 16 (Reuters) - Hewlett Packard Enterprise (HPE.N), opens new tab has entered into a cooperation agreement with activist investor Elliott Investment Management, the server maker said on Wednesday. As part of the agreement, the company's board has named KLA Corp (KLAC.O), opens new tab Chairman Robert Calderoni as director. Elliott had built a stake of more than $1.5 billion in Hewlett Packard Enterprise, a person familiar with the matter had said in April.
CNA
3 days ago
- Business
- CNA
Hewlett Packard signs cooperation deal with Elliott, adds tech veteran to board
Hewlett Packard Enterprise has entered into a cooperation agreement with activist investor Elliott Investment Management, the server maker said on Wednesday. As part of the agreement, the company's board has named KLA Corp Chairman Robert Calderoni as director. Elliott had built a stake of more than $1.5 billion in Hewlett Packard Enterprise, a person familiar with the matter had said in April.
