Internet service provider America Online has confirmed it has agreed to buy Netscape for £2.55 billion, spelling a radical shift in the internet industry (see Netscape And AOL May Merge). The agreement will consolidate AOL’s position as the world’s biggest on-line service and as a major rival to Bill Gates’ giant Microsoft. AOL will become the distributor of Netscape’s internet browser software and will own two of the four most popular sites on the internet.
America Online: 0171 594 4571
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