Reports have said that Box is under pressure from activist investor Starboard to explore a sale.
KKR s investment is a sign that Box doesn t want to sell, experts say at least not now.
Box on Thursday announced a $500 million investment from private equity firm KKR, in a deal that seems to put an end to speculation that the $3.5 billion enterprise cloud storage company will sell itself at least, for now.
Under the terms of the investment, which the company says will largely be used to finance share buybacks, KKR s John Park will join Box s board of directors. (Disclosure: KKR is a major shareholder in Axel Springer, Insider s parent company.)
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