Salesforce shares jump on report that Starboard has taken a stake

Reuters

Published Oct 18, 2022 08:52AM ET

Updated Oct 18, 2022 09:16AM ET

(Reuters) - Starboard Value LP has taken a stake in Salesforce (NYSE:CRM) Inc, CNBC reported, citing the activist investment firm's founder Jeff Smith.

Shares of the software firm, which fell about 42% this year, rose more than 7% in trading before the bell.