Gates sells 2 millions in Microsoft shares
Reuters | at | by Mike
Bill Gates, who routinely sells Microsoft shares for portfolio diversification, plans to sell two million common shares worth $94.1 million, a regulatory filing on Wednesday said. The chairman and co-founder of the world's largest software company has already sold 12 million shares worth $599 million from June 3 to Aug. 13, according to the filing with the Securities and Exchange Commission. Gates, one of the world's richest men, is Microsoft's biggest shareholder with more than 650 million shares. Microsoft's stock was up $1.15 to $52.19 in afternoon trading on Nasdaq.