Ericsson (ERIC) Chief Executive Hans Vestberg on Wednesday told the company's board that he has no plans to leave, Bloomberg News reported, citing a person familiar with the matter.

Bloomberg last week reported that Microsoft Corp.'s (MSFT) board was considering Mr. Vestberg for its CEO post, citing people briefed on the search.

Full story at: www.bloomberg.com/news/2014-01-29/ericsson-s-vestberg-said-to-tell-board-he-has-no-plan-to-leave.html

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