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Activist Elliott builds over 10% stake in Norwegian Cruise Line, WSJ reports
Activist investor Elliott Management has reportedly acquired a stake of over 10% in Norwegian Cruise Line Holdings, with intentions to push for changes within the company. The Wall Street Journal reported Elliott’s plans to improve Norwegian Cruise Line’s financial performance and guest experience, noting that its shares lost over 11% in 2025 while rivals gained. Elliott has also approached former Royal Caribbean president and COO Adam Goldstein as a potential board nominee for Norwegian Cruise.