Posted AT 8:32 AM EDT on 27/12/05
NBC increases stake in MSNBC venture with Microsoft
NBC Universal bought a controlling interest in the MSNBC cable news television channel it created with Microsoft Corp. in 1996, with an option of getting full ownership in two years.
NBC Universal increased its stake in MSNBC to 82 per cent from 50 per cent in a cash transaction, Microsoft spokesman Adam Sohn said yesterday, declining to comment further. Redmond, Wash.-based Microsoft and General Electric Co.'s NBC Universal will continue to own equal parts in the MSNBC.
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