Acacia Partners with Hedge Fund Starboard Value, Makes a $2.1M Investment in Drive Shack
- December 1, 2019
Category: Patent Market, Patent Watch
Acacia Research Corporation’s transformation continued through November, with the company announcing on November 18 that it will receive up to $400M from hedge fund Starboard Value “for strategic investments and acquisitions”. That announcement came the same week that Acacia purchased 500,000 shares in Drive Shack, which operates several dozen golf properties and four virtual reality golf driving ranges—and which has a long-standing relationship with Fortress Investment Group LLC.