AT&T’s Three-Year Strategic Plan Appeases Activist Investor
Amid pressure from Elliott Management, the telecom and media giant announced a plan to cut costs and pay down debt.
EBay CFO Schenkel Steps in After CEO Resigns
“In the past few weeks it became clear that I was not on the same page as my new board,” CEO Devin Wenig tweets.
Elliott Management Discloses $3B Stake in AT&T
The activist investor believes AT&T is deeply undervalued, citing its "irreplaceable assets, enormous earnings power and an ability to win in key markets."
Activist Elliott Bets $1.3B on SAP Profit Growth
The German software giant has prioritized revenue growth but is now taking steps to boost the profitability of its cloud business.
Activist Fund Urges ‘Immediate’ Change at eBay
eBay's shares rose 6% after Elliott Management disclosed a 4% stake in the company and unveiled a plan to unlock strategic value.
PE Firms Team Up to Buy Athenahealth for $5B
After a strategic review, healthcare IT firm Athenahealth agrees to become part of Veritas Capital's Virence Health unit.
David Anderson Takes CFO Job at Nielsen
The finance veteran joins Nielsen as the media ratings firm faces pressure from activist investor Elliott Management to sell itself.
Athenahealth CEO Resigns Amid Strategic Review
A possible buyer is hedge fund Elliott Management, which made a hostile takeover offer last month for the healthcare technology company.
Dell Software Group Sold
Private equity firms aquire a portfolio of Dell's systems and information management, security, and analytics solutions.
PE Firm Invests $500 Million in Symantec
Silver Lake has a history of helping to revive technology companies that "have fallen out of favor or stalled for various reasons."