Box shares rose more than 10% after Reuters reported that the file-sharing company is looking for a buyer and has talked with tech companies and private equity firms. The situation suggests that activist hedge fund Starboard Value, which announced a 7.5% stake in Box two years ago, is losing patience with Box, whose business hasn’t seen much of a boost in the shift to working from home...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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