Bill Gates Foundation 'shocks' market; makes 'big cut' in Microsoft shares

The Bill Gates Foundation has significantly reduced its Microsoft stake by nearly 65%, selling 17 million shares for approximately $8.7 billion. This move, alongside sales of Berkshire Hathaway, Crown Castle, and UPS shares, aims to rebalance the portfolio and fund philanthropic efforts. Despite the reduction, the foundation retains substantial Microsoft holdings, underscoring a continued relationship.

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