Starboard Value Acquires $500M Stake in Autodesk, Pushes for Changes, WSJ Reports

Jun 17, 2024, 01:46 AM

Activist investor Starboard Value has acquired a roughly $500 million stake in Autodesk, a design-software company. The investment firm is pushing for operational changes and improvements in corporate governance following a recent accounting probe that led to the ouster of Autodesk's CFO. Starboard is reportedly concerned about the company's handling of the probe and is considering legal action over delayed disclosure of the investigation. The firm has also engaged with Autodesk's board to address these issues and improve the company's margins, WSJ reports.