ValueAct takes $2 billion Microsoft stake

(Reuters) - Activist investor ValueAct Capital has taken a $2 billion stake in Microsoft Corp , according to ValueAct's chief executive, helping Microsoft shares climb to a seven-month high. The stake was confirmed by ValueAct CEO Jeffrey Ubben at an investor conference in New York, after being first reported by CNBC television. Microsoft shares rose as much as 4.8 percent to $31.18, touching their highest levels since last September, before paring gains. With Monday's jump, the stock is up 16 percent this year, putting it on track for its best annual performance since 2009. ...

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