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AOL to buy Netscape for $4.2 billion

By Rebecca Sykes
IDG News Service, 11/24/98

BULLETIN: America Online Inc. will buy Netscape Communications Corp. in an all-stock transaction worth US$4.2 billion, the companies announced this morning. Sun Microsystems Inc. will team with AOL to develop Internet devices using Sun's Java programming language.

Representatives from AOL, Netscape and Sun will be holding a press conference at noon EST.

(Details to follow)

RELATED LINKS

AOL deal seen as Java boost
Network World Fusion, 11/23/98

AOL deal causes sparks at Microsoft trial
Network World Fusion, 11/23/98

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