American Express agrees to acquire restaurant booking platform TheFork from Tripadvisor for $700M in cash; in October, Starboard Value pushed for TheFork's sale
An interview with Autodesk CEO Andrew Anagnost on settling the proxy fight with Starboard Value, serving the “design and make” workforce, US reshoring, and more
Andrew Edgecliffe-Johnson / Semafor :
Autodesk adds Jeff Epstein and Christie Simons to its board and settles the proxy fight with Starboard Value, which has criticized Autodesk for underperformance
Svea Herbst-Bayliss / Reuters :
Sources: activist investor Starboard Value plans to nominate a minority slate of director candidates at Autodesk ahead of the company's coming annual meeting
Lauren Thomas / Wall Street Journal :
Autodesk plans to cut about 1,350 employees, or ~9% of its workforce, as part of a focus on profitability following pressure from activist fund Starboard Value
- Actions ‘not the result of any third-party pressure,’ CEO says — Reductions to reshape sales process and allow AI investment
Sources: activist fund Starboard Value has taken a ~$500M stake in Autodesk and spoken to its board over concerns regarding a probe that led to its CFO's ouster
Rohan Goswami / CNBC :
Filing: activist investor Starboard Value built a 9% stake in Wix, which is struggling with losses since Q4 2021 and adopted a three-year cost-cutting program
Svea Herbst-Bayliss / Reuters :
Filing: Starboard Value has built a 9% stake in Wix, which has been struggling with losses since Q4 2021 and has adopted a three-year cost-cutting program
Starboard Value LP has built a 9% stake in website development platform Wix.com Ltd (WIX.O), the activist hedge fund disclosed in a regulatory filing on Friday.
A history of Marissa Mayer's tenure at Yahoo, and why her efforts haven't been enough to turn the company around
Yahoo's $8 Billion Black Hole — These moves haven't mollified investors. In March, Starboard Value, which once got the board of Darden Restaurants replaced by …
Activist investor Starboard names nine candidates to replace Yahoo's entire board, launching proxy fight
what you need to know in markets Chris Ciaccia / TheStreet.com : Starboard Value Joins Yahoo! Attack Todd Spangler / Variety : Yahoo Board Battle Is On: Activist Investor Starboard Nominates 9 Directo...