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Microsoft Corp. {MSFT} has invested $1 billion in Comcast Corp. in an attempt to speed up the cable company's deployment of high-speed data and video services.
"What does $1 billion buy you? Eleven-and-a-half percent," joked Comcast President Brian Roberts during a press conference yesterday (6/9).
For Comcast, $1 billion actually buys the company a chance to buy back stock, pay off some debt and spend more money on its infrastructure to develop high-speed data and video transmission services. For Microsoft, $1 billion buys Comcast stock, a chance to simultaneously develop software in tandem with infrastructure, and an opportunity to work with one company in...