Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Janet I. Tu.
February 22, 2013 at 12:19 PM
NBC paid Microsoft $195 million for MSNBC.com
When NBCUniversal bought out Microsoft’s remaining 50 percent ownership of MSNBC.com in July last year, it paid the software giant $195 million. That’s according to recent documents filed with the U.S. Securities and Exchange Commission by Comcast, majority owner of NBCUniversal.
The $195 million net price takes into account $100 million in cash and equivalents that MSNBC.com had and that now belongs to NBC.
When the sale was announced last year, terms of the deal were not disclosed. The two companies had originally valued their joint venture at $600 million back in 1996 when their partnership was formed.
NBC has since rebranded MSNBC.com as NBCNews.com