Printed from http://www.electronista.com

Microsoft pulls out stake in Comcast

updated 03:40 pm EST, Tue January 20, 2009

MS Pulls Comcast Stake

Microsoft through a Securities and Exchange Commission filing today said it has sold its shares in Comcast. The move pulls about 150.9 million shares out of the cable provider and practically cuts Microsoft's influence in the firm. Reasons aren't given to the SEC for the quick exit, though the news comes just as Microsoft has curbed real estate expansion in an attempt to reduce costs without shedding employees.

The original share stake was made in a bid to establish Microsoft as a major force in two-way TV, including the use of Microsoft's software for some DVR features on the cable TV network. Since then, however, the shift has been towards general Internet-based TV through services such as Microsoft's Mediaroom as well as direct downloads through online stores on the Xbox 360 and Zune software. [via CNET]



By Electronista Staff
toggle

Comments

  1. testudo

    Forum Regular

    Joined: Aug 2001

    +3

    wow

    What does it say about your product when MS doesn't even want a piece of it???

  1. Flying Meat

    Junior Member

    Joined: Jan 2007

    +4

    Maybe because

    Comcast is making a big deal about Exchange mail for its business offering?

    Don't want to get slapped with another monopoly suit.

  1. FastAMX79

    Junior Member

    Joined: Sep 2000

    +3

    re:wow

    :cough: playsforsure :cough:

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Cat B100

Cat is primarily known for its heavy-duty machinery used in the construction industry and farming, among other areas. What may not be ...

Linksys EA6900 AC Router

As 802.11ac networking begins to makes its way into more and more devices, you may find yourself considering an upgrade for your home ...

D-Link DIR-510L 802.11AC travel router

Having Internet access in hotels and other similar locations used to be a miasma of connectivity issues. If Wi-Fi was available, it wa ...

Sponsor

toggle

Most Commented

 
toggle

Popular News