Comcast Buys Microsoft Stake in MSNBC.com
Comcast Corp, the parent company of NBC, has bought out Microsoft Corp’s 50 percent stake in msnbc.com for a reported $300 million to assume full control of the news website.
The deal ends 16 years of a 50-50 joint venture between Microsoft and NBCUniversal, which is now majority-owned by Comcast Corp, NBC said.
“Today we’re taking on a new name — nbcnews.com. While our name is changing, our commitment is not,” Jennifer Sizemore, editor-in-chief of nbcnews.com, said in a letter posted on the company’s website.