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Microsoft, AOL shares rise after pact | |
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| Time: 11:53 EST/16:53 GMT | News Source: CBS Marketwatch | Posted By: Brian Kvalheim | ||
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Microsoft and AOL Time Warner shares rose Friday, after the companies agreed to settle a private antitrust lawsuit brought by AOL on behalf of its Netscape unit, ending four years of contention between the companies. As part of the settlement, Microsoft agreed to pay AOL Time Warner $750 million. The companies also said they agreed on a "variety of steps" designed to make their products work better with each other, which includes AOL getting use of Microsoft's Internet Explorer browser for the next seven years.
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