- Microsoft (MSFT -0.3%) signs a "cooperation agreement" with activist hedge fund ValueAct, which owns a 0.8% stake in the company. The deal provides for regular meetings between the $12B fund's President, Mason Morfit, and Microsoft directors/management. It also gives Morfit the option to join the board after the company's annual shareholder meeting in Nov.
- It has been speculated that ValueAct may have had a part in agitating for Ballmer's exit.
- On the product side, Microsoft will double the storage space for Exchange Online and Office 365 to 50 GB. Earlier this week, Microsoft more than tripled storage capacity for SkyDrive Pro to 25 GB.
From other sites
at CNBC.com (Fri, 2:51PM)
at CNBC.com (Fri, 12:16PM)
at CNBC.com (May 14, 2015)
Video at CNBC.com (May 13, 2015)
at CNBC.com (May 8, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs