ValueAct takes $1-billion stake in Meta, source says
:ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for big changes at the Facebook and Instagram parent, a source familiar with the matter told Reuters on Tuesday. The stake, which ValueAct has been building in recent weeks, now ranks among the firm's two largest alongside its bet on cloud-based software company Salesforce. The investment firm and technology company have held discussions but it was not clear at what level and what suggestions were made.
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