--Elliott Management Corp. has reduced its stake in SoftBank Group Corp. significantly from the $2.5 billion position it previously held, the New York Post reported Monday citing unnamed sources.

--The hedge fund has made a profit of as much as $500 million from the investment, the New York Post report said.

Full story: https://nypost.com/2021/09/20/elliott-management-reduces-stake-in-softbank-makes-profit-despite-chinese-tech-crackdown/

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

September 20, 2021 22:04 ET (02:04 GMT)