Cable provider Comcast has bought all of Microsoft's stock in news site MSNBC.com. The deal is said to cost Comcast approximately $300 million.
Microsoft and Comcast, the parent company of NBC-Universal, had an equal partnership in MSNBC for 16 years prior to this news. MSNBC.com will now be known as NBCNews.com according to Jennifer Sizemore, Editor-in-Chief of the newly named NBCNews.
The two companies joined forces to operate the outlet in 1996, but ended their operating partnership in 2005 when the MSNBC was solely run by NBC. Comcast has said recently that it will sell it's stakes in other joint ventures with partners like A&E Television Networks and Disney-ABC Television Group.