Value Act buys $2bn stake in Microsoft
INVESTMENT FIRM Value Act reportedly has taken a $2bn stake in Microsoft.
Microsoft's stagnant share price has made the firm unattractive to many investors looking to make a quick buck off volatility. However the firm has reportedly caught the eye of investment firm Value Act, which according to CNBC has made a $2bn investment in Microsoft stock.
Value Act claims it is a firm that, "concentrates on acquiring significant ownership stakes in a limited number of companies that it believes are fundamentally undervalued", which in turn has helped Microsoft's share price rise by over four percent. Such is the limited movement of Microsoft's stock price that the upturn helped Microsoft shares hit a seven month high.
