Microsoft sold stake in MSNBC.com

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Updated By: History Editorial Network (HEN)
Published:  | Updated:
3 min read

Microsoft's decision to sell its 50% stake in MSNBC.com marked a pivotal shift in the company's media strategy. The joint venture with NBC began in 1996, aiming to create a digital news platform that combined NBC's broadcasting expertise with Microsoft's technological capabilities. Over the years, MSNBC.com became a significant player in the online news landscape, attracting millions of users and generating substantial traffic. However, as the digital media environment evolved, Microsoft reassessed its involvement in the news sector. The sale of its stake was part of a broader trend where technology companies were reevaluating their roles in media and content production, focusing instead on their core competencies in software and services. This move allowed NBC to take full control of the platform, which was subsequently rebranded as NBCNews.com, aligning it more closely with NBC's overall branding and strategic direction. The divestiture also reflected the growing competition in the digital news space, with
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Primary Reference: History of Microsoft
Location: United States of America
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