NBC Universal and Microsoft on Friday announced a deal in which the media conglomerate will purchase a controlling stake in the MSNBC cable channel.

Under the agreement, NBC Universal, a subsidiary of General Electric, will receive an 82 percent stake in the network, with the option of claiming the remaining 18 percent after two years. The companies did not disclose the financial terms of the deal. "Acquiring a controlling interest in MSNBC will allow us to fully integrate the channel into our News operations and our overall cable platform," said NBC News President Steve Capus.

News source: C|Net News.com 





There are 3 additional comments
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Quote this comment Reply to this comment #1 Posted by Croquant on 24 Dec 2005 - 04:24
Thus ends Microsoft's attempts to extend itself into the television industry.
Quote this comment Reply to this comment #2 Posted by M1ke on 24 Dec 2005 - 21:50
stupid to sell if i do say so myself
Quote this comment Reply to this comment #3 Posted by neufuse on 24 Dec 2005 - 22:22
so what will happen to the name?
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