Comcast buys out Microsoft stake in MSNBC.com: report
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Comcast buys out Microsoft stake in MSNBC.com: report

www.reuters.com   | 16.07.2012.

(Reuters) - Comcast Corp , the parent company of NBC, has bought out Microsoft Corp's 50 percent stake in MSNBC.com for about $300 million to assume full control of the news web site, the New York Times said, citing people with knowledge of the deal.
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MSNBC.com was renamed NBCNews.com and users were automatically redirected to the new website.

NBC and Microsoft joined forces in 1996 to create a cable news channel and online news operation that melded broadcasting with then-emerging internet technology.

The news of a possible buyout was first reported in May.

"MSNBC TV will launch a new digital home in 2013, as an extension of the MSNBC TV on-air brand," the editor-in-chief of MSNBC.com wrote in a letter posted on MSNBC website.

Comcast and Microsoft could not be immediately reached for comment by Reuters outside regular U.S. business hours.

(Reporting by Adithya Venkatesan in Bangalore; Editing by Muralikumar Anantharaman)


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