Microsoft set to give AT&T $5bn

NEWS Microsoft is expected to invest up to $5bn in AT&T on Monday, the same day the telco waits on final buyout bids for its broadband unit. Microsoft, already an AT&T shareholder, plans to offer the company a $3bn to $5bn investment in exchange for a commitment from AT&T to use Microsoft software and services, according to a report on Reuters. Both Microsoft and AT&T today refused to comment on the rumour. AT&T is also expecting final offers on Monday for its broadband cable television unit from cable TV companies Cox communications, Comcast Corporation and AOL Time Warner. AT&T's board of directors will review the buyout proposals at a 8 December meeting.