(Reuters) – Starboard Value LP has taken a stake in Salesforce Inc, CNBC reported, the activist investment firm’s founder, Jeff Smith, told CNBC.
Shares of the software firm rose more than 7% in trading before the bell.
Salesforce and Starboard did not immediately respond to Reuters’ requests for comment.
(Reporting by Akash Sriram in Bengaluru; Editing by Anil D’Silva; Editing by Anil D’Silva)
