Hedge fund Elliott Management has big Dropbox stake – WSJ

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Elliott has told Dropbox it is the company’s largest shareholder after Chief Executive Officer Drew Houston, the report said https://www.wsj.com/articles/elliott-management-has-big-dropbox-stake-11622650039?mod=latest_headlines.

This suggests the hedge fund owns a stake of more than 10%, worth well over $800 million, according to the report.

Elliott and Dropbox did not immediately respond to Reuters requests for comment.

Shares of Dropbox were up nearly 7% at $28.68.