Microsoft (NSDQ: MSFT) has decided to sell its 7.3 percent stake in Comcast (NSDQ: CMCSA), according to an SEC filing (via Tech Trader Daily). Microsoft had owned 150,935,575 Class A common stock in cable operator. The decision appears to reflects the bad economy to a small extent. But mostly, it signifies Microsoft’s disinterest in the cable business.
Microsoft began its $1 billion investment in Comcast in June 1997, said Bernstein Research analyst Craig Moffett in an investor note. That was when Microsoft had a short-lived interest in becoming a major player in the cable set-top box business. In May 2007, Comcast stopped using Microsoft