The Telegraph
 
 
IN TODAY'S PAPER
CITY NEWSLINES
 
 
ARCHIVES
Since 1st March, 1999
 
THE TELEGRAPH
 
 
Email This Page
Microsoft in AOL deal

Seattle, May 30 (Reuters): Number one software maker Microsoft Corp. yesterday said it would pay $750 million to AOL Time Warner Inc. to settle a 16-month-long anti-trust suit as the rivals agreed to work together on Internet-based media and technology.

The deal marked the end of one of Microsoft’s most contentious legal disputes following its final anti-trust settlement with the federal government late last year. By putting the legal dispute behind them, AOL and Microsoft said they would be able to focus on their shared interest in creating a bigger and more efficient market for digital media on the Internet. Under the terms of the settlement, AOL, the world’s number one Internet services provider, won the option to use Microsoft’s flagship digital media software as well as its Internet Explorer technology for web browsing on a royalty-free basis for 7 years.

Top
Email This Page