Media group settles with Microsoft for €750m

AOL TIME Warner Inc, the world’s largest media company, will use $750 million from a legal settlement with Microsoft Corp to reduce debt, chief executive Richard Parsons said.

Media group settles with Microsoft for €750m
Sat, 31 May, 2003 - 01:00
Adam Steinhauer

Microsoft said yesterday it had agreed to settle an antitrust lawsuit by New York-based AOL Time Warner. The lawsuit accused

Microsoft of illegally dominating the market for internet-browser software and shutting out AOL Time Warner’s Netscape Navigator programme.

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CourtsPlace: New YorkPlace: ChicagoPlace: WashingtonPerson: Richard ParsonsPerson: George GilbertPerson: ParsonsPerson: Mark GreenbergOrganisation: MicrosoftOrganisation: AOL Time Warner IncOrganisation: Microsoft CorpOrganisation: AOL Time WarnerOrganisation: AOLOrganisation: Northern Trust BankOrganisation: Comedy CentralOrganisation: Invesco Leisure FundOrganisation: America OnlineOrganisation: US Justice Department and Securities and Exchange CommissionOrganisation: NetscapeOrganisation: US government
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