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NBCU bought back MSNBC.com for almost $200 million

Written by Andre Yoskowitz (Google+) @ 22 Feb 2013 19:16 User comments (2)

NBCU bought back MSNBC.com for almost $200 million Thanks to Comcast's recent earnings report, we can see that NBCU had to spend $195 million to buy back that half of MSNBC.com that it didn't own.
The "M" in MSNBC was for owner Microsoft, and the site was rebranded to NBCNews.com after the purchase.

In the filing, the company says the final purchase price was $195 million, "net of $100 million of cash and cash equivalents held at MSNBC.com that were acquired in the transaction."

The site is now dedicated to the political-based cable news outlet.

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2 user comments

122.2.2013 21:38

If just the "M" was for Microsoft, what was the "S" for? ;-)

222.2.2013 22:14

should be "MS" for microsoft not "M".

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