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MSNBC Website Renamed After Microsoft Split

Comcast Corp.’s NBCUniversal paid about $300 million to buy out Microsoft Corp.’s half of their news-website joint venture, according to a person with knowledge of the deal.

The person declined to be named because the terms weren’t made public when NBCUniversal announced the agreement earlier today. The July 13 transaction ended a 16-year partnership between the two companies.