Elliott to Dropbox: Houston, We Have a Problem
Activist investor Elliott Management has had remarkable success lately, helping push both AT&T to abandon its disastrous entertainment diversification and Dell to spin off VMware. (Its track record in Twitter, on the other hand, is, well, meh). It will, however, take all of Elliott’s skill to get a return on its investment in Dropbox, first reported today by the Wall Street Journal.As Starboard Value has learned with its so far fruitless pressure campaign against Box—Dropbox’s alter ego in the corporate…
