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Box Reportedly Seeking Buyer, Shares Jump 10%

By Kevin McLaughlin
· · Source: Reuters

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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