Friday, December 16, 2005

Microsoft sells Japanese cable

Microsoft has <A HREF="http://news.zdnet.com/2100-3513_22-5996365.html?tag=zdnn.alert">sold a 12.67 percent stake</A> in top Japanese cable company Jupiter Telecommunications to Goldman Sachs, which offloaded it almost immediately to institutional investors. The U.S. software giant is the latest company to cash in on the strength of Japan's stock market and is seen raising 79 billion yen ($672.1 million) from the deal, based on Jupiter's closing price on Thursday of 97,800 yen ($843.22).

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