Activist investor Legion urges Twilio to consider board changes, divestitures: Report

Activist investor Legion Partners has met Twilio Inc officials several times, urging the cloud computing company to make changes to its board and consider divestitures, The Information reported on Tuesday.

Legion has held at least six meetings over the past few months and has discussed topics including improving cost structure, balance sheet and strategic alternatives, the report said, citing people familiar with the matter.

A spokesperson for Legion confirmed to Reuters that it has been in dialogue with Twilio, adding the hedge fund is hopeful that “significant action” will be taken.