Microsoft Seen Winning in AT&T-Comcast Deal
Reuters | at | by Mike
Microsoft Corp. stands to win big from the $47 billion sale of AT&T Corp.'s cable network to Comcast Corp., 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.