Bloomberg News

NBCUniversal Is in Talks to Buy Microsoft’s Stake in MSNBC.com

May 25, 2012

Comcast Corp. (CMCSA:US)’s NBCUniversal division is in talks with Microsoft Corp. (MSFT:US) about buying out the software maker’s stake in the MSNBC.com news website.

Conversations are taking place between the two companies, Amy Lynn, a spokeswoman for NBC News in New York, said yesterday in an e-mail, without elaborating. The talks were previously reported by Adweek.

Microsoft and NBC started MSNBC in 1996, teaming up to create a 24-hour news channel and companion website. NBC agreed to acquire the news channel in 2005, leaving the Internet portion as a joint venture. The idea now would be to bring MSNBC.com under the broadcaster’s umbrella as well, giving it more control over the website and its content.

Comcast, the largest cable-television provider, acquired NBC Universal last year.

Peter Wootton, a spokesman for Redmond, Washington-based Microsoft, declined to comment on the MSNBC.com talks.

Shares of Philadelphia-based Comcast rose 0.5 percent to $28.93 yesterday, while Microsoft fell 0.1 percent to $29.07.

To contact the reporter on this story: Alex Sherman in New York at asherman6@bloomberg.net

To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net


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Companies Mentioned

  • CMCSA
    (Comcast Corp)
    • $56.86 USD
    • 0.24
    • 0.42%
  • MSFT
    (Microsoft Corp)
    • $47.75 USD
    • 0.28
    • 0.59%
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