Comcast, the parent company of NBC-Universal has formerly purchased Microsoft's stake in MSNBC.com for a reported $300 million. MSNBC will be rebranded as NBCNews.com.
Comcast has signaled its intent to get out of other joint operations, whether by selling its stake, or buying out its former partners. One of the first moves has been to sell its 15.8% stake in A&E Networks to Disney and Hearst for $3.03 billion in cash.
Sources - Comcast Buts Microsoft's Shares in MSNBC, BroadcastNewsroom.com
Comcast Sells A&E Stake to Disney, Hearst for $3B, BroadcastNewsroom.com
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