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America Online James Barksdale Marc Andreessen Netscape Communications Corp.

Netscape acquisition

24 Dec, 1998

AOL announces it is acquiring Netscape Communications Corp. for $4.2 billion. Andreessen is negotiating a position with the company after announcing a sabbatical. Netscape President/CEO Barksdale is joining AOL’s board of directors, but will not hold an operating role:

Netscape is doing this because it’s in the best interests of Netscape.