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Box CEO Aaron Levie. Photo: Michael Short/Bloomberg via Getty Images

Cloud content management company Box is striking back at Starboard Value, alleging that the firm privately asked to participate in an investment that it publicly opposed.

Between the lines: Box has been battling for nearly a year with Starboard, in one of the most prolonged battles between a Silicon Valley tech company and an activist investor.

Background: Starboard, which is Box's largest outside shareholder, has nominated three directors, including one to replace Box CEO Aaron Levie, and said it opposes a $500 million investment from KKR.

Foreground: Box this morning filed a proxy statement highlighting how the company's stock is now worth much more than when Starboard began agitating for a sale, and disclosed that Starboard privately said that it would drop its director nominations if it were allowed to participate in the KKR deal.

  • The only caveat was that Starboard would want a board seat, something that Levie tells Axios that Box was "not comfortable" with.

Axios has reached out to Starboard Value for comment, but has not yet heard back.

Go deeper

Updated 3 mins ago - World

17 U.S. and Canadian missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince this month. Photo: Richard Pierrin/AFP via Getty Images

American officials and authorities in Haiti are working to try and free 17 hostages from a U.S.-based missionary group who were kidnapped in Port-au-Prince over the weekend, AP reported Monday.

The latest: Christian Aid Ministries said in a statement Sunday, "The group of 16 U.S citizens and one Canadian citizen includes five men, seven women, and five children." The Ohio-based group said they were on a trip to visit an orphanage when they were kidnapped Saturday.

China's economic growth slows

A worker assembles heavy truck engines in Hangzhou in eastern China's Zhejiang Province, on Monday. Photo: Long We/Costfoto/Barcroft Media via Getty Images

China's economy grew 4.9% in the third quarter of 2021 compared with a year earlier, the country's National Bureau of Statistics announced Monday.

Why it matters: The gross domestic product growth in the July-September period in the world’s second-largest economy marked the "weakest pace since the third quarter of 2020 and slowing from 7.9% in the second quarter," Reuters notes.

4 hours ago - World

Former spy Steele defends controversial Trump Russia dossier

Former U.K. intelligence officer Christopher Steele arrives at the High Court in London in July 2020. Photo: Tolga Akmen/AFP via Getty Images

The author of the "Steele Dossier," containing unverified claims about former President Trump told ABC News he stands by his controversial report, according to excerpts from an upcoming documentary released Sunday.

Why it matters: Former U.K. intelligence officer Christopher Steele's dossier was used as part of former special counsel Robert Mueller's investigation into the Trump campaign's alleged links to Russia's government.