CNBC.com's Pippa Stevens brings you the day's top business news headlines. On today's show, CNBC.com's Jordan Novet explains what's coming to Microsoft's operating system refresh, Windows 11. Plus, Warren Buffett says he has officially given away half of his net worth to charity.
Microsoft just unveiled Windows 11: Here’s everything it announced
Microsoft revealed Windows 11 during an online event on Thursday. The announcement comes almost six years after the introduction of Windows 10, which is the world's most widely used PC operating system, with over 1.3 billion devices using it.
Windows, which represents over 10% of Microsoft's revenue even as the company has grown by selling cloud services, became more critical during the pandemic as people stayed home and spent more time with Windows 10 for school, work and gaming. Microsoft reported higher Windows revenue from consumer PCs — but Apple's Mac revenue also rose, and shipments of PCs running Google's Chrome OS skyrocketed.
Warren Buffett gives away another $4.1 billion, resigns as trustee at Gates Foundation
Warren Buffett said Wednesday he will donate $4.1 billion worth of Berkshire Hathaway shares to five foundations, and that he will resign as the trustee at the Bill & Melinda Gates Foundation.
This year's donation marked the halfway point for the 90-year-old Oracle of Omaha, who in 2006 pledged to give away all of his Berkshire shares through annual gifts to Bill & Melinda Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation. Back then, Buffett owned 474,998 Berkshire A shares. Today, he said he owns 238,624 shares, worth about $100 billion.
"Today is a milestone for me," Buffett said in a statement. "In 2006, I pledged to distribute all of my Berkshire Hathaway shares — more than 99% of my net worth — to philanthropy. With today's $4.1 billion distribution, I'm halfway there."
BuzzFeed announces plans to go public via SPAC, targets $1.5 billion valuation
BuzzFeed, a 15-year-old digital media company, announced Thursday it plans to go public via a merger with a publicly traded special purpose acquisition company.
The company, merging with 890 Fifth Avenue Partners, is targeting a $1.5 billion valuation. The deal is expected to close in the fourth quarter.
BuzzFeed also plans to acquire Complex Networks, a digital publisher that specializes in streetwear, music and culture, for $300 million. The deal is made up of $200 million in cash and $100 million of equity in BuzzFeed, the company said. It added it will "immediately accelerate BuzzFeed's revenue growth."