Microsoft strikes agreement with ValueAct Capital

August 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: Microsoft keeps dividend, opens investor question

Related Stories

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

July 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 Asset Management ...

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

Making AI systems that see the world as humans do

January 19, 2017

A Northwestern University team developed a new computational model that performs at human levels on a standard intelligence test. This work is an important step toward making artificial intelligence systems that see and understand ...

Firms push hydrogen as top green energy source

January 18, 2017

Over a dozen leading European and Asian firms have teamed up to promote the use of hydrogen as a clean fuel and cut the production of harmful gasses that lead to global warming.

WhatsApp vulnerable to snooping: report

January 13, 2017

The Facebook-owned mobile messaging service WhatsApp is vulnerable to interception, the Guardian newspaper reported on Friday, sparking concern over an app advertised as putting an emphasis on privacy.

1 comment

Adjust slider to filter visible comments by rank

Display comments: newest first

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

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.