Investment firm ValueAct Capital has taken a $2 billion stake in Microsoft, which saw the firm’s stock jump to a seven-month high.
The investment saw Microsoft’s shares rise 4.4 per cent to a value of $31.06, reaching their highest point since last September. Also increasing stock by 16 per cent in 2013 alone, current projections for Microsoft expect the firm to record its best annual performance since 2009.
As for motivation behind the investment, ValueAct states the firm: "concentrates on acquiring significant ownership stakes in a limited number of companies that it believes are fundamentally undervalued".
Whilst the investment works out to less than a single per cent stake in Microsoft, the deal still places ValueAct within the firm’s top 15 investors – a position that should give the investment firm a say in Microsoft’s activity.