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Microsoft is selling its stake in the news website MSNBC.com, ending a 16-year digital union formed in the earliest days of the commercial internet.
The software giant confirmed late on Sunday that it will sell its 50% stake in MSNBC.com, the website it launched in 1996 in an ambitious joint venture with the US TV network NBC.
NBC will fully own the MSNBC.com website, which was quickly rebrandedNBCNews.com after the deal was announced on Sunday. The New York Times reported that Microsoft would receive about $300m (£193m) for its stake in the digital property.
In a somewhat surprising move, Microsoft said it will now concentrate on launching its own-branded news service this autumn. Bob Visse, general manager of MSN.com, told the Associated Press that the company best known for computers and the Windows operating system will build a new website staffed by about 100 people.
CC:Read More From Source
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