Home > Lamestream Media > Report: NBC in Talks to Buy MSNBC Stake (AP)

Report: NBC in Talks to Buy MSNBC Stake (AP)

NBC Universal is in talks to buy out Microsoft Corp.’s stake in MSNBC, the struggling news cable channel, according to a news report Thursday. The New York Post, quoting unnamed sources, reported that the two companies are in advanced talks to close a deal that would put NBC Universal in full control of MSNBC, while Microsoft would still have access to some of NBC’s content for online use. A spokesman for NBC Universal, a unit of General Electric Co., declined to comment, as did a spokesman for Microsoft. Microsoft and NBC founded MSNBC and its companion online news site in 1995 with a joint investment of $400 million. GE shares fell 5 cents to close at $35.55 in Thursday trading on the New York Stock Exchange, while Microsoft shares fell 9 cents to close at $25.17 on the Nasdaq Stock Market.

How long then until they completely fail? Bueller? Bueller?

Yahoo News

Categories: Lamestream Media
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