Starboard takes 6.7% stake in Marvell

• Activist investor Starboard Value has taken a 6.7% stake in Marvell Technology (NASDAQ:MRVL) and is betting the beleaguered semiconductor firm can boost margins among other improvements, WSJ reports.
• The position adds to pressure on Marvell, which is facing investigations into its accounting amid a sharp fall in its stock price. Shares of the company are down 44% over the past 12 months.