©Reuters. FILE PHOTO: A Salesforce logo is seen on its display space at the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France June 16, 2022. REUTERS/Benoit Tessier/File Photo
(Reuters) – Activist investor Elliott Management Corp has made a multibillion-dollar investment in cloud-based software company Salesforce (NYSE:) Inc, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Details of the deal are not available, the report said.
“We look forward to working constructively with Salesforce to realize the value befitting a company of its stature,” Jesse Cohn, Elliott’s managing partner, told the newspaper, adding that Elliott has been with Salesforce for nearly two decades .
Elliott Management Corp and Salesforce did not immediately respond to a Reuters request for comment.
Earlier this year, Salesforce Inc said it plans to cut jobs by 10% and close some offices after the quick pandemic adjustment led to a bloated workforce amid an economic slowdown.
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