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Comcast buys Microsoft’s MSNBC stake

Microsoft has sold its 50% stake in to the parent company of NBC, Comcast Corp, the New York Times has reported, citing people with knowledge of the transaction. Under the $300m deal, Comcast would assume full control of the news web site, which has been renamed 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.