Microsoft offloads Comcast shares
According to published reports, Microsoft has sold off the Comcast shares it had acquired.
Microsoft had a 7.26 percent stake in the nation’s largest cable operator, but in a Friday filing with the United States Securities and Exchange Commission, the software giant said it no longer has any Class A shares in Comcast.
Microsoft’s stake of roughly 150.9 million Comcast shares would have been worth $3.4 billion on Friday, but it didn’t say in the filing when the shares were sold or at what price, according to Reuters.
Microsoft invested $1 billion in Comcast in 1997 to bolster the cable operator’s deployment of high-speed data and video services.
Comcast’s Seattle division rolled out Microsoft’s TV Foundation Edition guide several years ago. A spokeswoman for Comcast said the company now uses its own guide in its Seattle footprint.
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