Article 50EX8 Twitter and activist investor agree on truce to keep Jack Dorsey as chief

Twitter and activist investor agree on truce to keep Jack Dorsey as chief

by
Dominic Rushe
from Technology | The Guardian on (#50EX8)

Elliott Management, activist investor founded by billionaire Paul Singer, had purchased a $1bn stake in the company

Twitter and activist hedge fund manager Elliott Management agreed to a truce on Monday that leaves its co-founder and chief executive Jack Dorsey in place but shakes up the company's board.

Elliott, a New York-based activist investor founded by billionaire investor and philanthropist Paul Singer, had taken a $1bn stake in Twitter.

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