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Mergers and acquisitions may perk up at Microsoft under new CEO Satya Nadella, UBS Securities said in a research report Tuesday. Top financial executives at Microsoft (MSFT) report that Nadella is “more open-minded about M&A, recognizing the innovation happening within the industry,” UBS analyst Brent Thill wrote. Nadella also has “a greater sense of urgency for Microsoft to address key technology trends for its customers.” Microsoft completed its $7.2 billion acquisition of Nokia ‘s (NOK) handset business on April 25, but that deal was initiated under Nadella’s predecessor, Steve Ballmer. Nadella became CEO on Feb. 4. Microsoft is sitting on $88 billion in cash and short-term investments and generates $25 billion a year in free cash flow. It could use the cash to boost dividends and stock buybacks, but acquisitions remain a wildcard, Thill said. In a sit-down with Microsoft executives, Thill said they noted changes under Nadella in the… Scalper1 News
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