AOL acquires Netscape in $4.2B deal (1998)
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AOL acquires Netscape in $4.2B deal (1998)
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Re: AOL acquires Netscape in $4.2B deal (1998)
#2And the two attached sound files are still working. Pretty crazy actually
Re: AOL acquires Netscape in $4.2B deal (1998)
#3Thankfully Netscape decided to release the source code for "Mozilla" before this acquisition took place.
Re: AOL acquires Netscape in $4.2B deal (1998)
#41998 -- good going bro.
Re: AOL acquires Netscape in $4.2B deal (1998)
#5I was at Netscape at the time of the acquisition. When they offered buy-outs for employees that would volunteer for layoffs I gleefully waved my hand and left.
Re: AOL acquires Netscape in $4.2B deal (1998)
#6And the two attached sound files are still working. Pretty crazy actually
And it's a very prescient comment for a company that wasn't ultimately successful:
...we call the "AOL anywhere strategy" and although predominantly people use personal computers, over the next few years we think a variety of internet devices, some pocket devices, some television devices, will become more and more important and working with Sun and Java as well as other operating systems we want to create the best possible set, kind of a family of these internet devices for AOL and for Netscape.
Of course Java would end up on those "pocket devices" in the form of Android.
Re: AOL acquires Netscape in $4.2B deal (1998)
#7AOL Keyword: Netscape
Re: AOL acquires Netscape in $4.2B deal (1998)
#8I worked with a guy that was at AOL during the sale to TimeWarner. Apparently, in a large layoff round, they gave everyone a check for 6 months of salary and everyone went to a bar. The party was legendary. Lay-off + cash + lots of alcohol = cops + fights + tears.
Re: AOL acquires Netscape in $4.2B deal (1998)
#9In 1998, $1 was worth $1.53 (in 2018 dollars), so this transaction would feel like a $6.4B deal.
Re: AOL acquires Netscape in $4.2B deal (1998)
#10There's a good Netscape documentary filmed during their last year leading up to the acquisition. When they were working to get the Mozilla source code released.