Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit
Reuters
Dec 12, 2024
Microsoft expects $800 million impairment charge in Q2 2025 over General Motors' Cruise exit
Dec 11 (Reuters) - Microsoft MSFT.O expects to record an impairment charge of around $800 million in the second quarter of fiscal year 2025, over General Motors' exit of the Cruise autonomous driving business, the tech giant said in a filing on Wednesday.
(Reporting by Zaheer Kachwala in Bengaluru; Editing by Pooja Desai)
((Zaheer.Kachwala@thomsonreuters.com;))
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