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Microsoft Seen Winning in AT&T-Comcast Deal | |
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| Time: 15:48 EST/20:48 GMT | News Source: Reuters | Posted By: Robert Stein | ||
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Microsoft Corp. (Nasdaq:MSFT - news) stands to win big from the $47 billion sale of AT&T Corp.'s (NYSE:T - news) cable network to Comcast Corp. (Nasdaq:CMCSK - news), with the software giant finally seen making inroads in high-speed cable Internet access and interactive television, analysts said on Thursday. The deal calls for Microsoft to convert its $5 billion investment in AT&T debt into 115 million common shares of AT&T Comcast, giving it a vote in what will be the country's biggest cable network with 22 million subscribers. There is no new investment from Microsoft, and the company declined to comment on whether there were any firm agreements for the new company to use Microsoft products or services. | ||
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