Microsoft Settles Suit With AOL
Updated from 4:51 p.m. EDT
Microsoft (MSFT Quote) and AOL Time Warner (AOL Quote) settled a high-profile antitrust suit, taking the opportunity to say they were working together on development of digital media distribution systems.
The companies said late Thursday that Microsoft would pay AOL $750 million to settle an antitrust lawsuit that America Online had brought in January 2002. The suit, which claimed Microsoft acted anticompetitively in harming its onetime Net browser rival Netscape, was filed just six months after an appeals court affirmed the software giant had broken federal antitrust statutes.
But rather than talking about the litigation, the chairmen of the two companies spent a Thursday evening conference call with reporters talking about their planned cooperation in developing and popularizing technology for securely disseminating entertainment and information in various digital forms. ...
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