The reports about Washington Post Co. buying Microsoft’s online magazine Slate are correct, reports Seattle Times.
Despite its high profile, Slate’s sale is unlikely to have a significant effect on Microsoft’s stock, says the story.
A friend of mine likes the rationale and e-mailed me this: “Newsweek is already part of MSNBC, Slate stays plugged into MSN (right?) and WP has been pushing a new online strategy for about a year, including a continuous news desk. It’s not a killer acquisition, but at least it fits. “
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