Deals
Steve Ballmer Says He Owns 4% Stake in Twitter
- Investment gives him bigger holding than CEO Jack Dorsey
- Former Microsoft chief joins Saudi prince as Twitter investors
Steve Ballmer Says He Owns 4% Stake in Twitter
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Former Microsoft Corp. Chief Executive Officer Steve Ballmer has acquired a 4 percent stake in Twitter Inc., giving him a bigger holding than the social-media company’s new CEO, Jack Dorsey.
“Glad I bought 4% past few months,” the owner of the Los Angeles Clippers basketball team tweeted Friday. He praised Dorsey, who was appointed last week, for making the company “leaner, more focused.”