Microsoft sells Comcast stake

WinInfo | at | by Mike

Thanks to a regulatory filing with the Securities and Exchange Commission, we now know that Microsoft has dumped its 7.26 percent stake in US cable giant Comcast. However, we don't know when this happened, what the software giant recouped from its investment, and why it has chosen to do so.Microsoft could have sold its 150 million Comcast shares any time in the past year, so they could be worth anywhere from $2 billion to $3.4 billion, depending on the timing.

The investment dates back to 1997, when Microsoft described the deal as part of its efforts to jumpstart broadband adoption around the US. Microsoft's initial investment was about $1 billion.