Microsoft strikes agreement with ValueAct Capital

Aug 30, 2013

Microsoft says it will begin holding regular meetings with San Francisco investment firm ValueAct Capital and potentially give the investor a seat on its board.

ValueAct owns less than 1 percent of the software company's outstanding shares, but is one of its largest shareholders.

Under the agreement announced Friday, ValueAct's President Mason Morfit will have regular meetings with Microsoft Corp. directors and management to discuss a range of business issues. The agreement also gives ValueAct the option of having Morfit join the Microsoft board of directors after the 2013 annual shareholders meeting.

Microsoft's CEO Steve Ballmer says the company is committed to enhancing growth for shareholders and looks forward to ValueAct's input.

Explore further: Nokia turnaround since handset unit sale continues

5 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

Choices: Closer look at 2 plans for Dell's future

Jul 18, 2013

Dell Inc. has delayed Thursday's vote on founder Michael Dell's plan to take the computer maker private. That's a sign the board needs more time to rally support. Activist investor Carl Icahn and the Southeastern ...

Dell board committee seeks info on investor plan

May 13, 2013

Dell board members say they need more details from investor Carl Icahn if he wants them to seriously consider his latest challenge to Michael Dell's $24.4 billion plan to take the computer maker private.

Recommended for you

Nokia turnaround since handset unit sale continues

4 hours ago

Nokia appears to have turned around its fortunes after the sale of its ailing cellphone unit to Microsoft, reporting a third-quarter net profit of 747 million euros ($950 million), from a loss of 91 million euros a year earlier. ...

Yahoo CEO defends strategy in face of criticism

4 hours ago

Signaling her reign has reached a pivotal juncture, Yahoo CEO Marissa Mayer is trying to convince restless shareholders that the long-struggling Internet company is heading in the right direction.

Sk Hynix logs all-time high Q3 earnings

4 hours ago

SK Hynix, the world's second-largest memory chip maker, reported Thursday a record high quarterly net profit for the three months to September on strong sales and currency earnings.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

NikFromNYC
1 / 5 (3) Aug 31, 2013
Test...