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IT

Microsoft, ValueAct in discussions over board seat - report

Monday 22 July 2013 | 15:59 CET | News
Members of Microsoft's board have held talks with ValueAct Capital Management LP in recent days over the activist shareholder's demands to secure a seat on the company's board, two sources close to the matter said on 19 July 2013. ValueAct is seeking to nominate a person from its own organisation in order to have a say in the way the Microsoft is adapting to the new world of mobile computing, the sources said. The news comes as Microsoft experienced its biggest sell-off in four years, cutting USD 34 billion off its market value, after quarterly results were hit by weak demand for its latest

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Categories: IT
Companies: Adobe Systems / Microsoft / Motorola Solutions
Countries: World
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