Tuesday, April 10, 2012

Netscape's Technology Sold To Microsoft, Says Report

According to a report today, the un-named AOL subsidiary sold to Microsoft yesterday in the $1 billion patent sale was one other than Netscape, the original web browser firm co-founded by Marc Andreessen, the now venture capital investor. The details came in a report from AllThingsD. The report--crediting a "person familiar with the transaction"--said AOL sold its Netscape subsidiary--although not the brand name--to Microsoft to reduce its tax bill on the deal.