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Hedge fund takes $2bn Microsoft stake, wants Office on non-Windows devices | |
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| Time: 09:11 EST/14:11 GMT | News Source: ZDNet | Posted By: Robert Stein | ||
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Microsoft's share price spiked after a US hedge fund took a $2bn stake in Microsoft, and called for Redmond to make Office available outside of Windows. According to reports, Jeffry W Ubben, founder of ValueAct Capital Management, announced the stake yesterday, saying Microsoft's enterprise business was undervalued. Office on the iPad: It's not about the money, it's about Microsoft's soul Read more While declining PC sales may pose a threat to Microsoft's desktop Windows business, Ubben sees potential in Microsoft's Azure cloud services, currently trailing market leader AWS, and its server and database platforms for the enterprise. | ||
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