Inclusive Capital Takes Stake in Salesforce, CNBC Reports

By Dean Seal

--Activist investor Jeff Ubben's hedge fund Inclusive Capital Partners LP has taken a stake in Salesforce Inc., CNBC's David Faber reported Monday, citing unnamed sources.
--The size of Inclusive Capital's stake in Salesforce was not detailed in the report.
--The news follows an exclusive report from The Wall Street Journal Sunday night that activist investor Elliott Management Corp. has made a multibillion-dollar investment in the business-software provider.
--Salesforce said earlier in January that it will cut 10% of its workforce and reduce its office space in certain markets amid a slowdown in customer spending.
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(END) Dow Jones Newswires
01-23-23 1100ET