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

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

3 years ago
Anonymous $4BDEsVAtYS

https://techcrunch.com/2021/04/08/industry-experts-bullish-on-500m-kkr-investment-in-box-but-stock-market-remains-skeptical/

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 morning.