Microsoft to pay AOL $750M

Date 30-May-2003 14:28:16
Topic: News

NEW YORK (CNN/Money) - Microsoft will pay $750 million to AOL Time Warner to settle an antitrust lawsuit filed by AOL on behalf of its subsidiary Netscape last year, the companies said Thursday.

The two companies also set a seven-year licensing agreement that allows AOL Time Warner to use Microsoft's Internet Explorer browsing technology in its flagship Internet service provider service without having to pay royalties. AOL Time Warner is the parent of CNN/Money.

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