Billionaire investor Bill Ackman's fund Pershing Square is revealing a new investment in Microsoft. Ackman believes the tech giant is undervalued. He sees strong future growth from its cloud and productivity businesses. Pershing began buying Microsoft shares earlier this year.

Bill Ackman said on Friday that Pershing Square has taken a new stake in Microsoft after the stock's 16% year-to-date decline. The 13F filing disclosing the size is expected later…

May 15 : Billionaire investor Bill Ackman built a new position in tech giant Microsoft after its stock price dropped recently, and sold his long-owned investment in Google parent…