Microsoft unloads Comcast stake
Microsoft has sold all of its shares in Comcast, according to an SEC filing made on Friday.
As of its latest public disclosure in March, the software maker held 150.9 million shares in the cable company.
Although Microsoft is certainly not hard up for cash, the move comes as the company is weighing a range of cuts, including layoffs as it deals with the weak economy.
Microsoft took the huge stake in the cable industry as part of its effort to become a player in interactive television. Although it scored minor deals with Comcast over the years, its biggest … Read more