Internet Pioneer: Box and Activist Investor

internet pioneer: BOX, 2.82%surged 8% in after-hours trading, after the activist hedge fund Starboard Value LP disclosed in a regulatory filing that it has purchased 11 million shares, or a 7.5% stake, in the cloud storage company, according to Market Watch. That position will make Starboard the third-largest shareholder in Box, after the Vanguard Group and Black Rock, according to Factset. On Tuesday, shares of Box Inc. The difference in these investors is that Starboard is a known activist investor. In tech, most notably at the since-acquired Yahoo, where the firm negotiated a total of four seats on the internet pioneer's board in April 2016, paving the way for its sale to Verizon Communications Inc.VZ, 0.70%VZ, 0.70% a few months later. In the past, Starboard has rattled the cages at many companies. (news.financializer.com). As reported in the news.