In a feature article regarding activist investor Elliott Management led by Paul Singer, Barron’s reporter Carleton English notes that the hedge fund amassed a nearly 2% stake in PayPal (PYPL) over the summer and that in the past year the fund has taken activist stakes in Pinterest (PINS), Cardinal Health (CAH), Western Digital (WDC), Suncor Energy (SU), and Switch (SWCH) as well. Elliott now has a 9% stake in the Pinterest and wants to see the company accelerate efforts to monetize its base of 433M monthly users, or put itself up for sale, according to a person familiar with Singer’s demands, English said. "The fact that Elliott owns stakes in both PayPal and Pinterest has raised prospects of the hedge fund brokering a merger, though people close to both companies say a deal isn’t on the table," the report added. Reference Link
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