Bill & Melinda Gates Foundation Sells Entire $3.2 Billion Stake in Microsoft
The Bill & Melinda Gates Foundation sold its entire stake of over $3.2 billion worth of Microsoft shares, causing a slight dip in MSFT stock price on May 15 by 0.42%. The sale is part of the foundation's long-term financial strategy to increase annual grantmaking and prepare for an endowment wind-down by 2045.
Tickers: $MSFT
Topics: Bill Gates Foundation endowment management Microsoft stock sales