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Microsoft Reaches Deal With Activist Investor ValueAct

wochit technology
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August 30, 2013 AT 3:36 PM
Microsoft announced that it has reached a deal with ValueAct, a San Francisco-based investor firm that had been pushing Microsoft to make better use of its assets. Under the deal, ValueAct president Mason Morfit will meet regularly with Microsoft directors and management, and ValueAct has the option of having Morfit join Microsoft?s board.