ValueAct Invests $2 Billion In Microsoft

Apr 24 2013 | 11:17am ET

Activist hedge fund ValueAct Capital Management has taken a $2 billion stake in software giant Microsoft Corp.

ValueAct founder Jeffrey Ubben disclosed the huge investment at a Monday investor conference. Ubben said that Microsoft was undervalued.

"It is a dominant software company," Ubben said. "In the long term, it will win out." Ubben also praised Microsoft's work on cloud computing, noting, "Microsoft could be the largest cloud company in the world."

Microsoft said it welcomes "the perspectives of shareholders," and that it is "committed to enhancing value for all shareholders, and will continue to take actions that we believe will enable us to achieve this objective."

ValueAct did not specify how many shares it owned, but a $2 billion stake would amount to less than 1% of Microsoft.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note