JohnFScott Starbucks (NASDAQ:SBUX) rose 4% in after hours trading after a report that activist Starboard Value has taken a stake in the coffee behemoth. The size of the stake and Starboard's demands weren't known, according to a WSJ report on Friday, which cited people familiar with the matter. The Starboard news comes after the WSJ reported last month that prominent activist Elliott Investment Manageable took a sizeable stake in Starbucks (SBUX). CNBC has reported the stake may be as much as $2 billion. Starbucks (SBUX) is in talks with Elliott to come to a settlement agreement, according to the latest WSJ report. CNBC reported last week that a settlement with Elliott would allow CEO Laxman Narasimhan to remain in his position. The proposed settlement would involve the board being expanded and other governance improvements. The Financial Times reported last month that former Starbucks (SBUX) Chief Howard Schultz is opposed to the coffee chain making any settlement with Elliott.