• Industry experts bullish on $500M KKR investment in Box, but stock market remains skeptical

    4 days ago - By Tech Crunch

    When Box announced it was getting a $500 million investment from private equity firm KKR this morning, it was hard not to see it as a positive move for the company. It has been operating under the shadow of Starboard Value , and this influx of cash could give it a way forward independent of the activist investors.
    Industry experts we spoke to were all optimistic about the deal, seeing it as a way for the company to regain control, while giving it a bushel of cash to make some moves. However, early returns from the stock market were not as upbeat as the stock price was plunging this...
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  • KKR hands Box a $500M lifeline

    4 days ago - By Tech Crunch

    Box announced this morning that private equity firm KKR is investing $500 million in the company, a move that could help the struggling cloud content management vendor get out from under pressure from activist investor Starboard Value.
    The company plans to use the proceeds in what's called a “ dutch auction ” style sale to buy back shares from certain investors for the price determined by the auction, an activity that should take place after the company announces its next earnings report in May. This would presumably involve buying out Starboard, which took a 7.5% stake in the company in...
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