ValueAct Buys $2B Microsoft Stake On Cloud Storage Hopes

Law360, Los Angeles (April 22, 2013, 7:56 PM EDT) -- ValueAct Holdings LP has taken a $1.9 billion stake in Microsoft Corp., making the activist hedge fund one of the company's top five shareholders, the firm's founder and CEO reportedly announced Monday at a New York conference for investors.

Jeffrey W. Ubben said ValueAct has high hopes for Microsoft's potential leadership in cloud storage technology and believes the software giant would be able to thrive even if sales of its personal computers slump, according to a Wall Street Journal report Monday. Microsoft's stock rose 3.58 percent,...
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