NBC in talks to buy Microsoft's stake in economic Web page MSNBC.com
APLOS ANGELES--NBC News is negotiating to buy Microsoft's portion of MSNBC.com, potentially severing a joint venture that begin nearly 17 years ago.
July 13, 2012, 12:12 am TWN
An NBC News spokeswoman said Wednesday by email that “conversations are taking place” but “there is no deal.”
Microsoft declined to comment.
The deal would break up a venture first announced in 1995. Back then, Microsoft Corp. said it would invest US$220 million for a 50-percent stake in the MSNBC cable channel and its website.