Bill Ackman says Alphabet stake sale not a bet against the company

Sat, 16th May 2026 08:41

May 16 (Reuters) - Billionaire investor ⁠Bill Ackman said on Saturday that the sale of Google ‌parent Alphabet's shares was not ⁠a bet against ⁠the company.

Ackman on Friday said his firm Pershing Square had built a new position ‌in tech giant Microsoft after its stock price dropped recently, and sold his long-owned investment in Alphabet ‌to help pay for it.

"To be clear, ‌our sale of Google was not a bet against the company. We are very bullish long ‌term on Alphabet. But at current valuations and in light ⁠of ⁠our finite capital ‌base, we used as a source of funds for Microsoft," Ackman ‌wrote on X on Saturday. (Reporting by Mihika Sharma in Bengaluru, Editing by Louise Heavens)