RSS
Follow us on:
  • Recommend:
  • 0 Comments

Deal Is Done: AOL Buys Netscape

The $4.2 billion purchase includes a strategic alliance with Sun Microsystems.

America Online has announced definitive plans to acquire Netscape Communications in a $4.2 billion stock swap.

The much-anticipated deal also launches a strategic alliance between AOL and Sun Microsystems. The pact includes a three-year strategic development and marketing alliance with Sun to enhance its delivery of e-commerce solutions to build revenues across the AOL and Netscape brands.

With the purchase of Netscape, AOL will play a major role in controlling the Web, owning many of the Internet's most coveted properties. The purchase gives AOL Netscape's browser software and Netscape's popular Web gateway, Netcenter.

AOL also becomes a more formidable challenger to Microsoft, competing with it on many fronts--not just the Web.

AOL, Netscape, and Sun have said they will work together to create a host of Java-enabled next-generation Internet devices.

Terms of the deal call for Netscape shareholders to receive 0.45 share of AOL for each share held.

The companies will disclose more details at a press conference scheduled for noon Eastern Standard Time.

Would you recommend this story? YES NO

  • Recommend:
  • 0 Comments

Subscribe to the Daily Technology News Newsletter - 7 days a week

See All Newsletters »
Lenovo Laptop Deals

Subscribe to the Daily Technology News Newsletter - 7 days a week

See All Newsletters »
Today's Special Offers