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March 22, 2021 06:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/3uGOm9rSmgU/box-explores-sale-amid-pressure-from-starboard
Box Explores Sale Amid Pressure from Starboard
U.S. cloud services provide Box is exploring a sale amid pressure from hedge fund Starboard Value over its stock performance, Reuters citing people familiar with the matter. From the report: Redwood City, California-based Box has discussed a potential deal with interested buyers, including other companies and private equity firms, the sources said, cautioning that no sale of the company is certain. Reuters reported last month that Starboard was preparing to launch a board challenge against Box unless it took steps to boost value for shareholders. It has privately expressed disappointment that the company has failed to capitalize on the work-from-home trend during the COVID-19 pandemic, as many of its cloud computing peers have done.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/3uGOm9rSmgU/box-explores-sale-amid-pressure-from-starboard
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