Bill Ackman’s Pershing Square says it is disclosing a new position in Microsoft, arguing the company is priced far below what its enterprise franchises can deliver. Ackman points to Azure cloud and the Microsoft 365 productivity suite, including the $30-a-month Copilot AI assistant. Pershing built the stake from February after disappointment in December-quarter results triggered a 15% stock slide, citing slower cloud growth and heavy capital spending.
Bill Ackman’s Pershing Square plans a U.S. IPO of his investment management company and a closed-end fund, Reuters reports. A source familiar with the matter says the offering is expected to raise about $5 billion. The move underscores how appetite for high-profile, structured investment products may be returning even amid shifting market conditions.
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