Elliott Investment Management has acquired a significant stake in BILL Holdings, potentially pushing for a sale of the financial automation software company. Elliott owns about 5% of the company, making it one of the largest investors. This comes after Starboard Value also took an 8.5% stake and nominated directors for a boardroom challenge. The exact plans for BILL Holdings remain unclear as both firms declined to comment.

Read more at Yahoo Finance: Elliott takes stake in BILL Holdings, becoming second activist in stock