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AOL acquires Netscape in $4.2B deal (1998)

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11–20 of 63 posts

Re: AOL acquires Netscape in $4.2B deal (1998)

#11
Good contemporary read: https://www-archive.mozilla.org/fear.html

jwz was right, the source code was out there and even though AOL eventually gave up on browser tech, the code lived on to become Firefox, re-igniting competition for web browsers, moving the web platform forward, and providing an independent browser that's beholden to users first.

Re: AOL acquires Netscape in $4.2B deal (1998)

#13
post #5

I 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.

Why would they buy you out to be laid off? Wouldn't they have wanted to keep that kind of talent?

Re: AOL acquires Netscape in $4.2B deal (1998)

#15

  AOL, an industry behemoth with 14 million subscribers, will 
  acquire Netscape's Navigator and Communicator software, its 
  e-commerce software, and its Netcenter Internet "portal" 
  site, one of the 10 most-visited sites on the Internet.
The portal was supposed to be the real cash cow, here. Buying eyeballs in the early era of internet ads.

Q: What's a portal?

A: Yes, exactly.

Re: AOL acquires Netscape in $4.2B deal (1998)

#16
post #5

I 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.

Why would they buy you out to be laid off? Wouldn't they have wanted to keep that kind of talent?

Right, this seems dumb as you're going to lose your best people first, since they're the ones knowing they'll have no issues finding something else on the open job market.

Re: AOL acquires Netscape in $4.2B deal (1998)

#17

Good contemporary read: https://www-archive.mozilla.org/fear.html jwz was right, the source code was out there and even though AOL eventually gave up on browser tech, the code lived on to become Firefox, re-igniting competition for web browsers, moving the web platform forward, and providing an independent browser that's beholden to users first.

That's a nice piece of history.

Steve Case replied to that article too - https://www-archive.mozilla.org/stevecase.html

Re: AOL acquires Netscape in $4.2B deal (1998)

#18
post #10

There'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. https://www.youtube.com/watch?v=4Q7FTjhvZ7Y

My favorite quote from that documentary, about people who work in tech:

"This is a monk-like existence. There are very few women in these societies. These are male societies. They are secret societies. They function very much like the Masons or some street gang."

Re: AOL acquires Netscape in $4.2B deal (1998)

#19
post #16

Earlier quoted context omitted.

Why would they buy you out to be laid off? Wouldn't they have wanted to keep that kind of talent?

Right, this seems dumb as you're going to lose your best people first, since they're the ones knowing they'll have no issues finding something else on the open job market.

Best people is irrelevant after a buy out. In fact they are often the best paid so it’s a wash anyway.

Re: AOL acquires Netscape in $4.2B deal (1998)

#20
post #10

There'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. https://www.youtube.com/watch?v=4Q7FTjhvZ7Y

at 53:30 one of the engineers says "We're at the beginning of an industry and who knows where that industry's gonna go? This could all turn into television again. It could be controlled by a small number of companies who decide what we see and hear. And there's a lot of precedent for that."

Sounds pretty prescient considering current events.

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