ValueAct Wants Seat on Microsoft Board, Steve Ballmer Now on Thin Ice [Reuters]

ValueAct has recently purchased a $2 billion (?1.5 billion) stake in Microsoft and even though the company has initially stated that it has no intention to get involved in the software giant?s business, a new report claims otherwise.

Citing sources familiar with the matter, Reuters writes that ValueAct has started talks for a seat on the company?s board, but it?s not yet clear whether any major changes are planned or not.

Back in April when ValueAct officially announced the $2 billion stake takeover, sources from within the company suggested that founder Jeffrey Ubben might try to get rid of CEO Steve Ballmer, as pushing the software giant towards a devices and services concept wasn?t considered the right way to go.

Ballmer has recently announced a new reorganization plan for Microsoft that is supposed to put both hardware and services in the spotlight, as the CEO believes that the company needs to invest more in non-software areas.

The whole transformation plan is said to take about one year, so it?s probably premature to take a decision that could dramatically affect Microsoft?s future.

Source: http://news.softpedia.com/news/ValueAct-Wants-Seat-on-Microsoft-Board-Steve-Ballmer-Now-on-Thin-Ice-Reuters-369773.shtml

angela corey e news bradley manning Money in the Bank 2013 Zimmerman Verdict Casey Anthony Pregnant Home Run Derby 2013