Microsoft Expects $800M Cruise Charge
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MicrosoftReuters
•Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit
82% Informative
General Motors said on Tuesday it is ending robotaxi development.
Microsoft acquired a minority stake in Cruise in January 2021 in a combined new equity investment of more than $2 billion .
The Windows maker also said the impairment charge would have a negative impact of about 9 cents on its second-quarter earnings per share.
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