Comcast Pays $300M To Break NBC News JV With Microsoft

Law360, New York (July 16, 2012, 4:23 PM EDT) -- Microsoft Corp. has backed out of a 16-year joint venture with NBC Universal Media LLC that holds prized news site, NBC confirmed Monday, paving the way for a single NBC News online brand and a fresh Web-based news source from the software giant.

The pair, tethered to each other through the 50-50 joint venture since the early days of Internet news, did not offer up financial terms of the deal, but the New York Times pegged its value at $300 million, based on unnamed sources...
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