PRESS DIGEST- Wall Street Journal - Aug 16

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Aug 16 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Activist investor Politan Capital has a 9% stake in Masimo Corp and plans to push the medical-device company to take action to improve its stock price following a poorly received acquisition. https://on.wsj.com/3wuD3LF

- Kochava Inc, a data-marketing and analytics company in Idaho, is accusing the Federal Trade Commission of wrongly threatening it for marketing geolocation data that could track a consumer's location. https://on.wsj.com/3pFbviR

- Activist investor Elliott Management has a large position in Cardinal Health Inc and is seeking a handful of seats on the medical-products distributor's board by nominating five directors to the 11-person board. https://on.wsj.com/3PkMu6Q

- Unity Software Inc recommended on Monday that shareholders vote against the $17.5 billion buyout offer from AppLovin Corp as it isn't beneficial for shareholders and instead vote in favor of Unity's planned deal to buy IronSource Ltd for $4.4 billion. https://on.wsj.com/3CdQkMh

(Compiled by Bengaluru newsroom)