(16 July 2012 12:00 pm)

MUMBAI: Comcast, the parent company of NBCUniversal, has completed its takeover of MSNBC.com by buying out software major Microsoft's 50 per cent stake in the news site.

Comcast, which is reportedly paying $300 million for Microsoft's stake, has renamed the site to NBCNews.com.

According to media reports, the news site's production will move from Washington to New York.

In 2005, NBCUniversal had bought out Microsoft's stake in the cable channel but the latter still oversaw the ad sales part of the website's business.