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.

Microsoft has sold all of its shares in Comcast, according to an SEC filing made on Friday.

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 weighing a range of cuts , including layoffs as it deals with the weak economy.

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 offering Internet Protocol television (IPTV) .

About the author

    During her years at CNET News, Ina Fried has changed beats several times, changed genders once, and covered both of the Pirates of Silicon Valley. These days, most of her attention is focused on Microsoft. E-mail Ina.

     

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