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Ballmer buys 4 percent stake in Twitter

Former Microsoft CEO invests in Twitter, one of company's largest shareholders
By: Sean Ridgeley | Business, Financial & Legal News | Posted: Oct 16, 2015 8:28 pm

Former Microsoft CEO Steve Ballmer has purchased a 4 percent stake in Twitter, making him one of the company's biggest shareholders.

 

ballmer-buys-4-percent-stake-twitter_1

 

Following the news, Twitter Inc. shares rose 4.9 percent, which is especially good news for the company (and Ballmer) given they've declined 40 percent since April.

 

Ballmer stated on his new Twitter account that the company is "leaner, more focused" and that he's "glad" for his investment.

NEWS SOURCES:Seattletimes.com

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