Microsoft Corp. Tuesday delayed the $650 million sale of its stake in Expedia Inc. to USA Networks.
Microsoft said the delay was a result of USA Network’s announced transfer of its entertainment assets to a joint venture with Vivendi Universal.
Microsoft announced the sale of its Expedia stake in July 2001, and had anticipated closing the transaction during the current quarter. The company now expects to close the transaction during the March or June quarter of 2002.
InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.
Advertise with TechnologyAdvice on InternetNews and our other IT-focused platforms.
Property of TechnologyAdvice.
© 2024 TechnologyAdvice. All Rights Reserved
Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.