Microsoft unloads Comcast stake
According to an SEC filing from Friday, the software maker now owns no shares of the cable company. It owned 150 million shares as of March.
As of its latest public disclosure in March, the software maker held 150.9 million shares in the cable company.
Although Microsoft is certainly not hard up for cash, the move comes as the company is layoffs as it deals with the weak economy., including
Microsoft took the huge stake in the cable industry as part of its effort to become a player in interactive television. Although it scored minor deals with Comcast over the years, its biggest customers these days are the telecommunications companies that are trying to rival Comcast and other cable companies by .