Such an investment would make ValueAct a top 15 investor

Apr 22, 2013 15:03 GMT  ·  By

Investing firm ValueAct Capital has purchased a $2 billion (€1.5 billion) stake in Redmond-based tech giant Microsoft, but details of the deal are yet to be provided.

According to a report by Reuters, ValueAct’s investment pushed Microsoft’s shares to the highest point in seven months, which is quite good news for Steve Ballmer and the other executives as stock value dropped significantly in the last couple of weeks.

Microsoft’s shares recorded an increase of 4.4 points to $31.06, which means that ValueAct has taken control of approximately 67.2 million shares.

While officials of the two companies are yet to release any specifics on the deal, ValueAct would take control of approximately 1 percent of Microsoft's shares, thus becoming a top 15 investor.

We’ve contacted Microsoft for a word on this, so more details are very likely to surface soon.